EQS-News: PlusPlus progresses in raising funds and plans voluntary buyback program following adjourned bondholders’ meeting 25.09.2023, 11:00 Uhr von EQS News Jetzt kommentieren: 0

Werte zum Artikel
Name Aktuell Diff. Börse
PlusPlus Capital Financial Unternehmensanleihe 11,00 % bis 07/26 43,98 % ±0,00 % Gettex

EQS-News: PlusPlus Capital Financial S.à.r.l. / Key word(s): Bond
PlusPlus progresses in raising funds and plans voluntary buyback program following adjourned bondholders’ meeting

25.09.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


PlusPlus progresses in raising funds and plans voluntary buyback program following adjourned bondholders’ meeting

Tallinn, Estonia, 25 September 2023.
PlusPlus Capital (“PPC”), a leading Pan-Baltic and Finnish technology-driven receivables management group, intends to use the funds it is currently successfully raising in particular for a voluntary buyback program for its EUR 2022/2026 bonds following the adjourned Bondholders’ Meeting on 26 September 2023.

In addition, taking advantage of current favorable market conditions, part of the funds are to be used to actively purchase new portfolios that will generate cash flow to service and ultimately redeem the remaining bonds at maturity in 2026.

The combination of the two uses of funds offers bondholders the opportunity to redeem their positions early at a discount in 2023 or hold them to maturity while allowing the Company to resolve liquidity issues PlusPlus has faced since the market turmoil in 2022.

PlusPlus recommends that the bondholders decide against the termination of the Bonds and the enforcement of the Guarantees and the Transaction Security Documents in the adjourned bondholders meeting.

Prior to this, the bondholders' meeting originally scheduled for 29 August 2023 did not take place as the required quorum was not reached. However, PlusPlus notes that 81 percent of the votes cast were in favor of the Company's proposals.

All the necessary documents for the voting are available on the website of PlusPlus Capital:
https://pluspluscapital.eu/investor-relations/reports-and-presentations/

Contact:

PlusPlus Capital AS
Kaarel Raik, Member of the Management Board
Email: kaarel.raik@plusplus.ee
Phone: +372 56 606 148

About PlusPlus Capital:

PlusPlus is a pan-Baltic and Finnish technology-driven receivables management company with offices in Tallinn, Riga, Vilnius, and Helsinki. The Company acquires overdue loans and other non-performing exposures from financial institutions and non-financial sector merchants. With its core competence in handling claims against private individuals, PlusPlus prefers diversified portfolios balanced by geography, portfolio type, and other metrics.

Since its inception in 2010, PlusPlus has bought over 120 thousand claims with nominal value of approximately EUR 300 million. The Company offers its clients affordable recovery solutions and aims to avoid litigious scenarios. In doing so, PlusPlus pursues win-win solutions that allow sellers to focus on their core business, provide affordable solutions for borrowers, and ensure adequate returns for investors.

PlusPlus is a transparent and socially responsible company set to assist people in resolving problems connected with their insufficient solvency. The ambition of PlusPlus is to increase its market share and further strengthen its position as a leading player in its regional market.

pluspluscapital.eu



25.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: PlusPlus Capital Financial S.à.r.l.
1 rue Jean Piret
L-2350 Luxembourg
Luxemburg
E-mail: info@pluspluscapital.eu
Internet: https://pluspluscapital.eu/
ISIN: XS2502401552
WKN: A3K7UD
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich, Tradegate Exchange
EQS News ID: 1733547

 
End of News EQS News Service

1733547  25.09.2023 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1733547&application_name=news&site_id=boersennews
Kommentare (0) ... diskutiere mit.
Werbung

Handeln Sie Aktien bei SMARTBROKER+ für 0 Euro!* Profitieren Sie von kostenloser Depotführung, Zugriff auf 29 deutsche und internationale Börsenplätze und unschlagbar günstigen Konditionen – alles in einer innovativen, brandneuen App. Jetzt zu SMARTBROKER+ wechseln und durchstarten!

*Ab 500 EUR Ordervolumen über gettex. Zzgl. marktüblicher Spreads und Zuwendungen.

k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
Schreib den ersten Kommentar!

Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer