Brief: S Immo Says Bondholders Can Terminate Bonds Due To CPI Property Stake Hike

Cpi Property SA

23/08/2022 16:56

Aug 23 (Reuters) - S Immo AG  SIAG.VI :
    * S IMMO AG - ON 23 AUGUST 2022, S IMMO AG WAS INFORMED THAT
CPI
PROPERTY GROUP S.A. ("CPIPG") HAS DIRECTLY AND INDIRECTLY
ACQUIRED AN INTEREST OF APPROXIMATELY 79.20% IN SHARE CAPITAL OF
S IMMO AG
    * S IMMO AG - THIS TRIGGERS AN EXTRAORDINARY RIGHT OF
TERMINATION
OF BONDHOLDERS PURSUANT TO § 10 (2) LIT (J) OF TERMS AND
CONDITIONS OF BONDS.
    * S IMMO AG - EACH BONDHOLDER IS ENTITLED TO TERMINATE ITS
BONDS
FOR THIS REASON AND TO DEMAND THEIR IMMEDIATE REPAYMENT AT
NOMINAL AMOUNT PLUS INTEREST ACCRUED TO DATE OF REDEMPTION
(EXCLUSIVELY)

Source text for Eikon:  ID:nPexPwFMNa 
Further company coverage:  SIAG.VI 

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