Brief: Legal proceedings initiated against RoodMicrotec GmbH regarding perpetual bond

RoodMicrotec N.V.

10/09/2021 09:07

Sept 10 (Reuters) - ROODMICROTEC  ROON.AS :
    * ANNOUNCED ON THURSDAY IT HAS BEEN INFORMED THAT ROBUS HAS
INITIATED LEGAL PROCEEDINGS BEFORE THE REGIONAL COURT OF HAMBURG
AGAINST ITS WHOLLY OWNED SUBSIDIARY ROODMICROTEC GMBH
    * ROBUS IS THE HOLDER OF THE PERPETUAL BOND OF EUR 1,994K
THAT
ROODMICROTEC GMBH ISSUED IN 2010 AND OF THE PERPETUAL BOND OF
EUR 500K THAT ROODMICROTEC GMBH ISSUED IN 2012
    * ROBUS CLAIMS THAT IT IS ENTITLED TO AN 11.7% COMPENSATION
PAYMENT IN RELATION TO 2017, 2018 AND H1-2021
    * ROODMICROTEC GMBH CONTESTS ALL ALLEGATIONS AND CLAIMS, AND
DENIES THAT ANY COMPENSATION PAYMENTS ARE DUE ON THE PERPETUAL
BONDS OR THAT ANY GROUNDS FOR EXTRAORDINARY TERMINATION OF THE
PERPETUAL BONDS EXIST
    * ROODMICROTEC GMBH WILL ASK THE COURT TO REJECT ROBUS'
CLAIM

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE1NLnGp
    
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