04.11.2013
UET United Electronic Technology AG DE000A0LBKW6
DGAP-News: UET United Electronic Technology AG: UET United Electronic Technology AG takes further step in restructuring process
DGAP-News: UET United Electronic Technology AG / Key word(s):
Miscellaneous/Miscellaneous
UET United Electronic Technology AG: UET United Electronic Technology
AG takes further step in restructuring process
04.11.2013 / 14:15
---------------------------------------------------------------------
- Bearer debenture in the nominal amount of 5.4mn EUR acquired and
restructured by new investor
- Current bearer debenture payables reduced by 4.3mn EUR
Eschborn, November 4th 2013
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
announces, that negotiations with a main creditor have been successfully
completed and a further step towards the company's restructuring has been
implemented.
A bearer debenture in the nominal amount of 5.4mn EUR, issued in 2010, was
acquired by a new investor. Its terms of repayment regarding principal and
interest were restructured.
Additionally, the new investor acquired a silent partnership of 18.6%, held
by UET United Electronic Technology AG in Elcon Systemtechnik GmbH, for the
purchase price of 4.05mn EUR.
These restructuring steps allowed the company to reduce its current bearer
debenture payables by 4.3mn EUR.
The remaining bearer debentures are from now on subject to 5% interest. The
first interest payments are due December 31st, 2015. Regarding the
repayment of the remaining principal the parties negotiated an installment
plan. The first installment is due on September 30th 2015.
Provided, the UET AG repays its remaining debenture payables in due time,
the company can exercise a call-option to repurchase the silent partnership
of 18.6% in Elcon Systemtechnik GmbH for a purchase price of 2.5mn EUR in
the year 2017. This allows UET AG to benefit from ELCON's long-term
development and growth.
UET AG plans to complete and announce its annual financial statements and
report for the fiscal year of 2012 shortly.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Christina Tümmler
Phone: + 49 (0) 6196 777755-0
E-Mail: [email protected]
End of Corporate News
---------------------------------------------------------------------
04.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: UET United Electronic Technology AG
Frankfurter Straße 80-82
65760 Eschborn
Germany
Phone: +49 (0)6196-7777550
Fax: +49 (0)6196-7777559
E-mail: [email protected]
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of News DGAP News-Service
---------------------------------------------------------------------
237660 04.11.2013
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
UET United Electronic Technology AG ISIN: DE000A0LBKW6 können Sie bei EQS abrufen
Telekomausrüster , A0LBKW , CFC , XETR:CFC