Leoni AG: Nuremberg restructuring court confirms restructuring plan
|
EQS-Ad-hoc: Leoni AG / Key word(s): Capital Reorganisation/Delisting Leoni AG: Nuremberg restructuring court confirms restructuring plan Nuremberg, 21 June 2023 – Leoni AG, Nuremberg (ISIN: DE0005408884 / WKN: 540888), announces that the Nuremberg restructuring court has today confirmed its restructuring plan. This confirmation of the plan follows the acceptance of the restructuring plan by the required majorities at a dedicated discussion and ballot meeting that took place on 31 May 2023. As communicated on 29 March 2023, among other things, the plan provides for a reduction of Leoni AG’s share capital to zero euros as part of the financial restructuring. This will result in the exit of previous shareholders and a delisting of Leoni’s shares. As a result of the implementation of the other capital measures of the restructuring plan, Leoni AG will receive new liquidity from a capital increase without subscription rights of 150 million euros and will be relieved of financial liabilities of a total of 708 million euros. The plan is to be implemented immediately after it has taken legal effect and it has received merger control clearance and other customary conditions have been cleared.
LEONI AG End of Inside Information
21-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Leoni AG |
| Marienstraße 7 | |
| 90402 Nuremberg | |
| Germany | |
| Phone: | +49 (0)911 20 23-234 |
| Fax: | +49 (0)911 20 23-382 |
| E-mail: | veroeffentlichung@leoni.com |
| Internet: | www.leoni.com |
| ISIN: | DE0005408884 |
| WKN: | 540888 |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; Madrid |
| EQS News ID: | 1662347 |
| End of Announcement | EQS News Service |
|
|
1662347 21-Jun-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.