EQS-Ad-hoc: Leoni AG / Key word(s): Capital Reorganisation/Delisting Leoni AG: Nuremberg-Fürth Regional Court dismisses appeals against the restructuring court’s plan confirmation decision, Leoni AG’s restructuring plan hence legally binding Nuremberg, 17 July 2023 – Leoni AG, Nuremberg (ISIN: DE0005408884 / WKN: 540888), announces that today the Regional Court of Nuremberg-Fürth dismissed all immediate appeals filed against the plan confirmation decision of the Restructuring Court of Nuremberg. As a result, Leoni AG's restructuring plan is legally binding. As already communicated, the restructuring court in Nuremberg had confirmed the restructuring plan on 21 June 2023 after it had been approved with the required majorities at a dedicated meeting on 31 May 2023. As also previously communicated - for the first time on 29 March 2023 - the plan provides for, among other things, a reduction of the share capital of Leoni AG to zero euros as part of the financial restructuring. This will lead to the exit of the existing shareholders and a delisting of Leoni. With the implementation of the further capital measures of the restructuring plan, Leoni AG will receive new liquidity from a capital increase with exclusion of subscription rights amounting to 150 million euros and will be relieved of financial liabilities totalling 708 million euros. Now that the plan has become legally binding, the implementation of the plan and thus the delisting will happen soon.
Contact for journalists Contact for investors End of Inside Information
17-Jul-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Leoni AG |
Marienstraße 7 | |
90402 Nuremberg | |
Germany | |
Phone: | +49 (0)911 20 23-234 |
Fax: | +49 (0)911 20 23-382 |
E-mail: | veroeffentlichung@leoni.com |
Internet: | www.leoni.com |
ISIN: | DE0005408884 |
WKN: | 540888 |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; Madrid |
EQS News ID: | 1681555 |
End of Announcement | EQS News Service |
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1681555 17-Jul-2023 CET/CEST