3W Power S.A. (ISIN LU1072910919, 3W9K), the holding company of AEG Power Solutions Group, a global provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets, announces that bondholders today approved the Company’s plan to change the terms and conditions of its € 50 million Corporate Bond (DE000A1ZJZB9). The change of the terms and conditions enables the Company to issue a € 14 million Convertible Bond to support the growth and development of new opportunities including investments focused on customer facing activities in sales and services and areas of growth in Africa, Asia and North America.
Today, a majority of 99.97 percent of the bondholders voted in favor of the change.
The Convertible Bond which the Company intends to issue in November 2015 will be a five-year non-mandatory, convertible at 60 Euro Cents per share with an annual coupon of 5.5 per cent. The Convertible Bond is subordinated to the € 50 million senior secured Corporate Bond issued in 2014 payable in 2019.
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About 3W Power/AEG Power Solutions:
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).
For more information, visit www.aegps.com
This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.
