METALCORP GROUP
Associated tags: Deutsch, Mineral, Frankfurt Stock Exchange, ISIN, Mining, Metal, Open Market, Iron ore, Security (finance)
Locations: LUXEMBURG, LUXEMBOURG, GUINEA, CHINA
EQS-News: Der Abstimmungszeitraum für die Metalcorp Group-Anleihe 2021/2026 begann heute am 23. November 2023 und endet am 26. November 2023, 24:00 Uhr
EQS-News: Voting Period for the Metalcorp Group 2021/2026 Notes began today on 23 November 2023 and ends on 26 November 2023, 24:00 hours
Voting Period for the Metalcorp Group 2021/2026 Notes began today on 23 November 2023 and ends on 26 November 2023, 24:00 hours
- Voting Period for the Metalcorp Group 2021/2026 Notes began today on 23 November 2023 and ends on 26 November 2023, 24:00 hours
The issuer is solely responsible for the content of this announcement. - Voting Period for the Metalcorp Group 2021/2026 Notes began today on 23 November 2023 and ends on 26 November 2023, 24:00 hours
Luxembourg, 23 November 2023 – Following on from the earlier announcement on 2 November 2023 and the subsequent Invitation to Vote published on the Company’s website, Metalcorp Group S.A. (the “Company”) would like to remind the holders of the 2021/2026 Notes (ISIN: DE000A3KRAP3 / WKN: A3KRAP) of the voting period which started today (23 November 2023, 0:00 hours) and ends on 26 November 2023, 24:00 hours (“Voting Period”). - The Company would like to encourage holders of the 2021/2026 Notes to participate in the voting to ensure a successful completion of the envisaged restructuring transaction.
- Noteholders who wish to discuss the proposed resolutions and the procedure to vote should contact Houlihan Lokey who are acting as financial advisors to the Ad Hoc Group of 2021/2026 noteholders at [email protected] .
EQS-News: Metalcorp Group S.A.: Anleihegläubiger stimmen allen von der Gesellschaft empfohlenen Beschlussvorschlägen mit großer Mehrheit zu
EQS-News: Metalcorp Group: Voting without meeting achieves very high approval rates but falls just short of required quorum; 2nd noteholders’ meeting scheduled for 18 December 2023 in Frankfurt am Main
Metalcorp Group: Voting without meeting achieves very high approval rates but falls just short of required quorum; 2nd noteholders’ meeting scheduled for 18 December 2023 in Frankfurt am Main
- Metalcorp Group: Voting without meeting achieves very high approval rates but falls just short of required quorum; 2nd noteholders’ meeting scheduled for 18 December 2023 in Frankfurt am Main
The issuer is solely responsible for the content of this announcement. - However, despite this excellent result, the attendance fell just short of the quorum of 50% of the outstanding Notes required for a voting without meeting.
- Accordingly, the company will invite the noteholders to a 2nd noteholders’ meeting, which is scheduled to take place on 18 December 2023 in Frankfurt am Main in the form of a physical meeting.
- The agenda and proposed resolutions will remain the same as for the voting without meeting.
EQS-News: Metalcorp Group S.A. erzielt Einigung über die weiteren Details der Anleiherestrukturierung und ruft Gläubiger der Anleihe 2021/2026 zu einer Abstimmung auf
EQS-News: Metalcorp Group S.A. reaches agreement on the details of the bond restructuring and calls noteholders of the 2021/2026 Notes to vote
40% of the outstanding nominal amount of the 2026 Notes, certain holders of the 2023 Notes, and Ferralum Metals Group S.A. (“Ferralum”) on the final terms for the restructuring of its Notes.
- 40% of the outstanding nominal amount of the 2026 Notes, certain holders of the 2023 Notes, and Ferralum Metals Group S.A. (“Ferralum”) on the final terms for the restructuring of its Notes.
- A corresponding lock-up agreement has been signed which, inter alia, secures the support of the ad-hoc group in the vote of the holders of the 2026 Notes yet to be called.
- Noteholders subscribing for the New Money Notes will benefit from a higher weighting in the Ferralum Notes and the New Metalcorp Notes.
- The Company will publish a presentation with further details of the agreement and the next steps on its website.
EQS-News: Metalcorp Group S.A.: Information on the capitalization of the interest payment as of 30 September 2023 under the 8.5% notes 2017/2023 and on the status of the restructuring
In this regard, it has submitted a corresponding declaration to the joint representative.
- In this regard, it has submitted a corresponding declaration to the joint representative.
- The resolutions of 16 June 2023 and the expected approval of the holders of the 2021/2026 notes would create the basis for a consensual restructuring and recapitalization of the Company.
- The Company expects this to be the case in November 2023.
- Metalcorp Group S.A. apologizes to all noteholders for the delay due to the longer than expected negotiations.