Corporate News

The Management Board of Huber Automotive AG (the “Company“) announces with regard to the invitation to vote without a meeting published in the Federal Gazette on 18 March 2024 regarding the up to EUR 25,000. 000 6% bond 2019/2024 (ISIN: DE000A2TR430) issued by the company, that the quorum of 50% of the outstanding bonds (i.e. bonds with a nominal amount of at least EUR 10,230,000) required for a quorum was not met and therefore no resolution was passed by the vote without a meeting pursuant to Section 18 SchVG. According to the findings of the voting manager, an equal number of votes were cast for bonds with a nominal value of EUR 7,412,000. The company will immediately convene a bondholders’ meeting in the form of an in-person meeting, for which a quorum of at least 25% of the outstanding bonds (i.e. bonds with a nominal value of at least EUR 5,115,000) will be sufficient in accordance with Section 15 (3) sentence 3 SchVG.

Contact IR/PR:
Torsten Biallas
b-communication
Phone: +49 172 4229605
Email: t.biallas@b-communication.de

Tuesday, 09.04.2024

Corporate News

Contrary to possible publications in financial magazines, we would like to inform you that the supplementary request submitted by DMR Legal mandated by the liquidator of the KFM Fund has been withdrawn and no announcement will be made.

Friday, 29.03.2024

Corporate News

Huber Automotive AG convenes 1st vote for bondholders

Mühlhausen im Täle, 18 March 2024 – Huber Automotive AG today published the invitation to vote and the necessary documents for the bondholders’ meeting in the Federal Gazette and on its own website. The company’s Management Board proposes to the bondholders of the 6.00% bearer bonds (ISIN: DE000A2TR430) to extend the bond by three years until 16 April 2027. In return, the bondholders are to receive an increased interest coupon of 7.5% p.a. for the next three years.

The vote will take place without a meeting. The documents required to cast a vote can be sent to the voting manager by post, fax or e-mail within the period from 2 – 4 April 2024.

Dr. Karl-Thomas Stopp
Voting manager
Mock Partnerschaft von Rechtsanwälten mbB
Uhlandstr. 6, 10623 Berlin
Fax: +49 (0) 30 210 21-111
E-Mail: abstimmungsleiter@mock-rechtsanwaelte.de

Montag, 18.03.2024

Ad hoc announcement

Management Board of Huber Automotive AG resolves proposal to extend and adjust the interest rate of the 2019/2024 bond maturing in April 2024

The Management Board of Huber Automotive AG (the “Company“) has decided today to propose to the creditors of the EUR 25,000,000 6% Bond 2019/2024 (ISIN: DE000A2TR430) issued by the Company, which is currently outstanding in the amount of EUR 20,460,000 and due for repayment on 16 April 2024, to extend the maturity and to adjust the interest coupon. The amendment of the bond terms with regard to a later due date for repayment would provide the company with the necessary flexibility and liquidity to initiate the further operational expansion of its business activities and the pre-financing of new orders after a growth phase of several years under challenging conditions in conjunction with newly injected capital. The company will publish the details of the creditors’ resolution separately in accordance with the statutory provisions and on the company’s website. Neither a possible reduction of the future interest coupon nor a suspension of the coupon payment as of 16 April 2024 will be the subject of the company’s initial proposal to amend the terms and conditions of the bond.

Thursday, 29.02.2024