PRESS RELEASE
Paris, 27 January 2012
OG Bonds conversion approved by Bondholders and Warrantholders meetings
ORCO Germany S.A. (the "Company") announces that the
following meetings were held on 27 January
2012 at the Company's registered office in Luxembourg: (i) a
general meeting of the holders of the
€ 100,100,052.00 bonds (the "OG Bonds") issued by the Company
and registered under ISIN code: XS0302623953 (the
"Bondholders Meeting"), and (ii) a general meeting of the
holders of the warrants
(the "OG Warrants") issued by the Company with the OG Bonds
and registered under ISIN code: XS0302626899 (the
"Warrantholders Meeting").
The Bondholders Meeting was validly constituted with
approximately 73% of the total number of the OG Bonds
outstanding present or represented at the meeting, being the
required quorum. The Bondholders Meeting resolved by 100% of
the total votes present or represented at the meeting, being
the required majority, to amend and approve the terms and
conditions of the substitution of all OG Bonds by bonds
convertible into shares ("Obligations Convertibles en
Actions", the "OCA") to be issued by Orco Property Group
S.A. ("OPG"), (the "OG Conversion"), and to take all steps
and actions, to enter into and perform all the transactions,
documents, agreements contemplated, needed or useful in
connection with the OCA and the OG Conversion.
The terms and conditions of the OCA as approved by the
Bondholders Meeting will be published on the Company's
website. The Bondholders Meeting also resolved by 100% of the
total votes present or represented at the meeting, being the
required majority, to grant power to Augustin Capital
Management Ltd represented by Mr. Charles Bray, one of the
representatives of the body (masse) formed by the OG
Bondholders, or any other duly empowered persons to negotiate
and execute all steps and actions to enter into and perform
all the transactions, documents, agreements contemplated,
needed or useful in connection with the OG Conversion.
The Warrantholders Meeting was validly constituted with
approximately 76% of the total number of the OG Warrants
outstanding present or represented at the meeting. The
Warrantholders Meeting by approximately 97% of the total
votes present or represented at the meeting, being the
required majority, approved the amended terms of the OCA and
the OG Conversion as approved by the earlier Bondholders
Meeting and resolved to take all steps and actions, to enter
into and perform all the transactions, documents, agreements
contemplated, needed or useful in connection with the OG
Conversion.
Note:
The above resolutions are subject to regulatory
approvals.
For technical purposes of executing the OG Conversion on the
clearing systems, the OG Bonds will be blocked (and non
tradeable) beginning one business day before the OG
Conversion until the completion of the OG Conversion.
1
distribué par | Ce noodl a été diffusé par ORCO Property Group SA et initialement mise en ligne sur le site http://www.orcogroup.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-27 18:43:08 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
OG Bonds conversion approved by Bondholders and Warrantholders meetings |