EQS-Adhoc: SIGNA Development Finance S.C.S.: Application for the opening of insolvency proceedings of group companies of the SIGNA Development group predominantly likely

EQS-Ad-hoc: SIGNA Development Finance S.C.S. / Key word(s):
Insolvency/Miscellaneous
SIGNA Development Finance S.C.S.: Application for the opening of
insolvency proceedings of group companies of the SIGNA Development group
predominantly likely

08-Dec-2023 / 20:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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Disclosure of an inside information according to Article 17 MAR of the
Regulation (EU) No 596/2014

 

Application for the opening of insolvency proceedings of group companies
of the SIGNA Development group predominantly likely

Luxembourg, 8 December 2023 – SIGNA Development Finance S.C.S.
(LEI: 529900NTZEI0I2X02V31) announces as issuer (the “Issuer”) of the
EUR 300,000,000 5.50% senior notes due 2026 (ISIN DE000A3KS5R1 and
ISIN DE000A3KS5S9) (the “Notes”) that, based on the current liquidity
situation of SIGNA Development Selection AG (“SIGNA Development”), parent
guarantor under the Notes, and its group companies, it seems predominantly
likely that the Issuer, SIGNA Development and further companies of the
SIGNA Development group will apply for the opening of insolvency
proceedings in the very near term.

 

Such applications for the opening of insolvency proceedings constitutes an
event of default under the terms and conditions of the Notes.

 

 

Contact:

Manuel Pirolt, CFO SIGNA Development Selection AG

+43 1 532 9848 2238

[1]m.pirolt@signa.at

End of Inside Information

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08-Dec-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: SIGNA Development Finance S.C.S.
5, rue Heienhaff
1736 Senningerberg
Luxemburg
Phone: +43 1 5329848-0
E-mail: investor@signa.at
Internet: www.signa.at
ISIN: DE000A3KS5R1, DE000A3KS5S9
WKN: A3KS5R , A3KS5S
Listed: Luxembourg Stock Exchange (Euro MTF), Vienna Stock Exchange
(Vienna MTF)
EQS News ID: 1793429

 
End of Announcement EQS News Service

1793429  08-Dec-2023 CET/CEST

References

Visible links
1. m.pirolt@signa.at