DGAP-News: TERRAGON AG / Keyword(s): Bond
Bondholders elect a joint representative and agree to defer interest on TERRAGON Bonds 2019/2024

14.06.2022 / 16:04
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Bondholders elect a joint representative and agree to defer interest on TERRAGON Bonds 2019/2024

  • Lawyer Klaus Neiding was elected joint representative
  • Authorizing the Joint Representative, among other things, to defer interest due on May 24

BERLIN, MUNICH, June 14, 2022 – The management of TERRAGON AG, the leading project developer in the serviced housing sector for the elderly, announced that the quorum for participation and approval – 9,651,000 nominal euros, 38.60% of the existing volume – a decision was reached at the second meeting to creditors. The bondholders elected attorney Klaus Neiding as joint representative for TERRAGON Bond 2019/2024 (ISIN: DE000A2GSWY7) with 99.51% approval. Regarding the second item on the agenda, the creditors authorized the joint representative to postpone the interest due on May 24, 2022 also with the approval of 99.51%. On this basis, a postponement is planned until December 15, 2022.

Dr. Michael Heald, CEO of TERRAGON AG: “I would like to thank our bondholders who have expressed their confidence in us by agreeing to decisions in this difficult and unusual situation. The decisions enhance our visibility in the current negotiations with the joint venture partners of the Welkerstift Duisburg project and the project in Dortmund”.

Decision documents detailing the voting details are available on the company’s website at the address https://www.terragon-ag.de/investor-relations/anleiheglaeubigerabstimm… can be retrieved. Decisions are also published in the Federal Official Gazette.

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For more information, see https://www.terragon-ag.de/investor-relations/.

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