EQS-RPT: GRAMMER Aktiengesellschaft: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

EQS Related Party Transactions announcement: GRAMMER Aktiengesellschaft / Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act]
GRAMMER Aktiengesellschaft: Release according to Article 111c of the AktG [the German Stock Corporation Act] with the objective of Europe-wide distribution

19.12.2024 / 10:39 CET/CEST
Dissemination of a Related Party Transactions announcement transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.


GRAMMER AG: Publication pursuant to section 111c AktG with the aim of Europe-wide distribution

Publication of material transactions with related parties pursuant to Section 111c para. 4 AktG in conjunction with para. 1 sentence 1 AktG

Ursensollen, 19 December 2024

GRAMMER Vehicle Parts (Changzhou) Co., Ltd., Changzhou City, China ("Company") as borrower and Ningbo Jifeng Auto Parts Co., Ltd., Ningbo City, China ("Ningbo Jifeng") as lender on 16 December 2024 have entered into a loan agreement in the amount of 231,000,000.00 Renmimbi (approximately EUR 30.3 million as of 16 December 2024) ("Loan"). The Company is an direct subsidiary of GRAMMER AG. Ningbo Jifeng indirectly holds around 86 % of the issued shares of GRAMMER AG via Jiye Auto Parts GmbH, Kitzingen, Germany and is therefore a related party of GRAMMER AG within the meaning of section 111a ot the German Stock Corporation Act (AktG).

The Loan is structured as a hybrid loan and is classified as equity. It is unsecured and concluded for an indefinite period. The interest rate is 3.6 % p.a. The Company is not obliged to pay interest or repay the Loan. Interest payments and loan repayments are at the sole discretion of the Company.

The Executive Board of GRAMMER AG has taken the nominal amount of the Loan of approximately EUR 30.3 million as the value of the transaction within the meaning of section 111b para. 1 AktG.

Ursensollen, 19 December 2024

GRAMMER AG

The Executive Board



19.12.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: GRAMMER Aktiengesellschaft
Grammer-Allee 2
92289 Ursensollen
Germany
Internet: www.grammer.com

 
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2054925  19.12.2024 CET/CEST

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