PLUSPLUS

EQS-News: PlusPlus announces Reorganisation Petition filed on 27 December 2023 by AS PlusPlus Capital

Retrieved on: 
Saturday, December 30, 2023

In light of these circumstances, the Parent has taken a proactive step by submitting a petition for the commencement of reorganisation proceedings under the Reorganisation Act (Saneerimisseadus) to the Harju County Court in Estonia on 27 December 2023.

Key Points: 
  • In light of these circumstances, the Parent has taken a proactive step by submitting a petition for the commencement of reorganisation proceedings under the Reorganisation Act (Saneerimisseadus) to the Harju County Court in Estonia on 27 December 2023.
  • PlusPlus Capital looks forward to receiving the court’s ruling in this regard and starting the reorganisation proceedings.
  • Since its inception in 2010, PlusPlus has bought over 120 thousand claims with nominal value of approximately EUR 300 million.
  • PlusPlus is a transparent and socially responsible company set to assist people in resolving problems connected with their insufficient solvency.

EQS-News: PlusPlus announces Results of Buyback offer for EUR 2022/2026 Bonds

Retrieved on: 
Tuesday, November 7, 2023

PlusPlus Capital ("PPC"), a leading Pan-Baltic and Finnish technology-driven receivables management group, has achieved an acceptance rate of approximately 33% for the EUR 2022/2026 buyback offer, being ongoing from 11 October to 27 October 2023.

Key Points: 
  • PlusPlus Capital ("PPC"), a leading Pan-Baltic and Finnish technology-driven receivables management group, has achieved an acceptance rate of approximately 33% for the EUR 2022/2026 buyback offer, being ongoing from 11 October to 27 October 2023.
  • Investors representing 25,165 bonds with a nominal value of EUR 25.165 million thus accepted the buyback offer at a discount of 45% on the nominal value with a price of EUR 550 per note plus accrued interest until 31 July 2023.
  • The buyback of the EUR 2022/2026 bonds is part of a financing to restructure the operations in order to restructure the existing debt and obtain new financing for the further implementation of the business plan.
  • For bondholders who have not accepted the discounted buyback offer, the current terms will continue to apply, with repayment of the bond expected at maturity.

MEDIA ALERT: PEOPLE OF PLAY’S CHICAGO TOY AND GAME FAIR

Retrieved on: 
Wednesday, November 1, 2023

-- Interactive booths with the hottest holiday toys and games from Box Blox, ChattySnaps, Cut.com, Duncan Toys, E-Blox, Flybar, Good Soul Brands, Gray Matters Games, Happy Camper Live, M&M Funky Stuff, MAGNA-TILES, Marmals, PlusPlus, Popular Playthings, Squaregles, The Pencil Grip, TOMY, Top Secret Toys, Yogibo and many more. Consumers can do their holiday shopping for the kiddos right on site!

Key Points: 
  • Kick off the holiday shopping season at the 21st annual Chicago Toy and Game Fair!
  • Presented by People of Play (POP), the Chicago Toy and Game Fair (CHITAG) is the largest toy and game fair open to the public in North America!
  • Many of the winning inventions have been licensed by these global companies and can be found on store shelves today!
  • - and try your hand at the Big Dice Shooter Game!

EQS-News: PlusPlus announces terms of Buyback offer for EUR 2022/2026 Bonds

Retrieved on: 
Tuesday, October 17, 2023

PlusPlus Capital ("PPC"), a leading Pan-Baltic and Finnish technology-driven receivables management group, has entered into a framework agreement for the financing of the Company.

Key Points: 
  • PlusPlus Capital ("PPC"), a leading Pan-Baltic and Finnish technology-driven receivables management group, has entered into a framework agreement for the financing of the Company.
  • The settlement date for the discounted buyback offer is prior to 31 December 2023, but after the payment of interest payable to the bondholders as of 31 July 2023.
  • In case the discounted buyback offer is executed for any reason before the interest is payable to the bondholders, the discount will be reduced to 39.5%.
  • For bondholders who do not accept the discounted buyback offer, the current terms will continue to apply, with repayment of the bond expected at maturity.

EQS-News: PlusPlus progresses in raising funds and plans voluntary buyback program following adjourned bondholders’ meeting

Retrieved on: 
Monday, September 25, 2023

PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, intends to use the funds it is currently successfully raising in particular for a voluntary buyback program for its EUR 2022/2026 bonds following the adjourned Bondholders’ Meeting on 26 September 2023.

Key Points: 
  • PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, intends to use the funds it is currently successfully raising in particular for a voluntary buyback program for its EUR 2022/2026 bonds following the adjourned Bondholders’ Meeting on 26 September 2023.
  • PlusPlus recommends that the bondholders decide against the termination of the Bonds and the enforcement of the Guarantees and the Transaction Security Documents in the adjourned bondholders meeting.
  • Prior to this, the bondholders' meeting originally scheduled for 29 August 2023 did not take place as the required quorum was not reached.
  • However, PlusPlus notes that 81 percent of the votes cast were in favor of the Company's proposals.

EQS-News: PlusPlus to hold adjourned bondholders meeting for EUR 2022/2026 bonds on 26 September 2023

Retrieved on: 
Monday, September 25, 2023

PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, has previously communicated that it did not pay interest on the Bonds which was due on 31 July 2023.

Key Points: 
  • PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, has previously communicated that it did not pay interest on the Bonds which was due on 31 July 2023.
  • The meeting of the bondholders, which was scheduled on 29 August 2023, did not take place because the required quorum was not reached.
  • PlusPlus recommends that the bondholders decide against the termination of the Bonds and the enforcement of the Guarantees and the Transaction Security Documents.
  • All the necessary documents for the voting are available on the website of PlusPlus Capital:

EQS-News: PlusPlus Capital AS: settlement and listing of EUR 30 million tap on existing EUR 2022/2026 bond

Retrieved on: 
Saturday, June 10, 2023

Tallinn, Estonia, 07 June 2023.

Key Points: 
  • Tallinn, Estonia, 07 June 2023.
  • PlusPlus Capital (“PPC”), a leading pan-Baltic and Finnish technology-driven receivable management group, has tapped its outstanding EUR 2022/2026 bond (ISIN: XS2502401552) in the amount of EUR 30 million, of which EUR 5 million has already been used to swap outstanding debt.
  • The total volume of the EUR 2022/2026 bond is now EUR 100 million.
  • Kaarel Raik, Member of the Management Board of PlusPlus Capital: “Following the recent support of our investors to amend the terms and conditions of our EUR 2022/2026 bond, we are now taking further steps to harmonize our maturity profiles.”

EQS-News: PlusPlus EUR 2022/2026 Bondholders approve amendments to terms and conditions – Cross-default cured with provision to exchange Estonians notes

Retrieved on: 
Tuesday, April 18, 2023

PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, yesterday received broad bondholder approval to amend the terms and conditions of its EUR 2022/2026 bonds.

Key Points: 
  • PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, yesterday received broad bondholder approval to amend the terms and conditions of its EUR 2022/2026 bonds.
  • Thereby, the conditions for exchanging the outstanding Estonian notes into the EUR 2022/2026 bonds were provided.
  • As a result, the cross-default of the EUR 2022/2026 bonds is also to be cured.
  • The updated terms and conditions and the full documentation of the meeting including the minutes are available on the website of PlusPlus Capital at https://pluspluscapital.eu/investor-relations/reports-and-presentations/ .

EQS-News: PlusPlus Capital targets redemption waiver for 2022 Estonian notes – Investors express benevolence for vote on 18 November

Retrieved on: 
Monday, October 31, 2022

Tallinn, Estonia, 30October 2022.

Key Points: 
  • Tallinn, Estonia, 30October 2022.
  • PlusPlus Capital (PPC), a leading Pan-Baltic and Finnish technology-driven receivables management group, called on holders of its 2022 Estonian notes (ISIN EE3300001726) to vote on a redemption waiver until 18 November 2022.
  • PlusPlus Capital will publish its 2022 Nine-Month Report on 15 November 2023.
  • The corresponding earnings call will be held on 17 November 2022.

DGAP-News: PlusPlus Capital: Settlement and Listing of EUR 70 million corporate bond at Frankfurt Stock Exchange – Opening up a wider range of investors

Retrieved on: 
Wednesday, August 3, 2022

The Company acquires overdue loans and other non-performing exposures from financial institutions and non-financial sector merchants.

Key Points: 
  • The Company acquires overdue loans and other non-performing exposures from financial institutions and non-financial sector merchants.
  • With its core competence in handling claims against private individuals, PlusPlus prefers diversified portfolios balanced by geography, portfolio type, and other metrics.
  • Since its inception in 2010, PlusPlus has bought over 100 thousand claims with nominal value of approximately EUR 274 million, following best practice industry standards.
  • PlusPlus is a transparent and socially responsible company set to assist people in resolving problems connected with their insufficient solvency.