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MIFA: Bondholders to vote on appointment of joint representative and on deferral of interest claims and temporary exclusion of termination rights
- Holders of MIFA 2013/2018 bond (ISIN: DE000A1X25B5 / WKN: A1X25B) can vote during the voting period from Tuesday, 10 June 2014, 00:00 hours by and including Friday, 13 June 2014, 08:00 hours
- Pursuant to MIFA bond terms, voting takes place without a meeting
- Bondholders' approval shall support financial and operational reorganisation of MIFA
Due to its stressed financial situation, MIFA Mitteldeutsche Fahrradwerke AG ("MIFA") is currently developing an overall concept for its financial and operational reorganisation. In this context, MIFA emphasizes its clear intention that bondholders' interests are represented equitably as part of the development and implementation of its overall reorganisation concept. Against this background, MIFA intends to conduct a vote for the MIFA 2013/2018 bond, ISIN: DE000A1E8W96 / WKN: A1E8W9 ("MIFA bond") on the appointment of a joint representative for the bondholders. In order to ensure the development and implementation of the overall reorganisation concept, MIFA also proposes to the bondholders that they approve a deferment of the interest payment claims due on 12 August 2014, and the temporary exclusion of termination rights, in each case until 31 October 2014.
Pursuant to the terms of the MIFA bond and in accordance with Section 18 of the German Bond Act (SchVG), the bondholders shall vote without a meeting. The request for holders of the MIFA bond to vote was published on Friday, 23 May 2014, in the German Federal Gazette (Bundesanzeiger) and on MIFA's website (http://www.mifa.de/investor-relations/anleihe/). The voting period begins on Tuesday, 10 June 2014, at 00:00 hours and ends on Friday, 13 June 2014, at 08:00 hours.
Bondholders can find further information about the progress of MIFA's reorganisation, the bondholders' voting, and the documents required for the voting by the holders of the MIFA bonds on MIFA's website (http://www.mifa.de/investor-relations/anleihe/). Once the overall reorganisation concept has been developed, the company plans to initiate a further bondholders' voting during which the bondholders shall decide on further restructuring measures relating to the bond.
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