Brief: Corestate Decides To Implement Alternative Restructuring Concept And Changes In Management Board And Supervisory Board

Corestate Capital Holding SA

04/05/2023 21:50

May 4 (Reuters) - Corestate Capital Holding Sa
 CCAG.DE :
    * EQS-ADHOC: CORESTATE CAPITAL HOLDING S.A.: CORESTATE
DECIDES TO
IMPLEMENT AN ALTERNATIVE RESTRUCTURING CONCEPT AND CHANGES IN
MANAGEMENT BOARD AND SUPERVISORY BOARD
    * EQS-ADHOC: CORESTATE CAPITAL HOLDING S.A.: CORESTATE
DECIDES TO
IMPLEMENT AN ALTERNATIVE RESTRUCTURING CONCEPT AND CHANGES IN
MANAGEMENT BOARD AND SUPERVISORY BOARD
    * WITH EXISTING BRIDGE FINANCING OF EUR 10 MILLION, A TOTAL
OF EUR
35 MILLION WILL BE DUE ON 31 JULY 2023
    * CORESTATE CAPITAL- ALTERNATIVE CONCEPT INCLUDES BRIDGE
FINANCING
TOTALLING EUR 25 MILLION
    * NEDIM CEN, HAS JOINED MANAGEMENT BOARD AND IS ASSUMING
PREVIOUSLY VACANT ROLE AS CHIEF EXECUTIVE OFFICER
    * CORESTATE CAPITAL HOLDING-ALTERNATIVE CONCEPT PROVIDES CO
ADJUSTMENT TO CONDITIONS OF EUR 200 MILLION CONVERTIBLE NOTES
2022 AND EUR 300 MILLION NOTES 2023
    * SUBSCRIPTION RIGHTS OF EXISTING SHAREHOLDERS SHALL BE
EXCLUDED

Source text for Eikon:  ID:nEQ22Y2W3a 
Further company coverage:  CCAG.DE 

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