Ad-hoc 3W Power / AEG Power Solutions: Noteholders approve restructuring plan

25-01-2018 , Luxembourg / Zwanenburg, The Netherlands

Inside information disclosure pursuant to Art. 17 of the Market Abuse Regulation 596/2014

 

25 January 2018, Luxembourg / Zwanenburg, Netherlands. 3W Power S.A. (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, announced today that today‘s second bondholders‘ meeting of the 2014/2019 bond (ISIN: DE000A1ZJZB9) was quorate with a quorum of 48.98% and approved the company’s restructuring plan with a majority of around 85.3%. In addition, it is already certain that in parallel the voting without physical meeting of the 2015/2020 convertible bond (ISIN: DE000A1Z9U50) will be quorate with a quorum of at least 75% and will approve the restructuring plan with the required majority.

With these approvals the company has reached an essential milestone of its restructuring plan.

However, a noteholder of the 2014/2019 bond (ISIN: DE000A1ZJZB9) has filed an objection against the resolution passed in today’s second bondholders’ meeting. The company will now have to wait if that noteholder files a legal challenge but is confident that such legal challenge can be set aside in release proceedings.

 

- End of announcement-

 

About 3W Power:

3W Power S.A. (WKN A114Z9 / ISIN LU1072910919), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K). 

 

AEG Power Solutions is a leading provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets throughout the world with main sites in France, Spain, Germany, Singapore and China, with further direct 14 sales and service offices worldwide.

 

 

 

For more information, visit www.aegps.com


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