3.5% Convertible Bond of publity AG – Change of Resolution Proposal of publity AG for the Vote without Meeting in the time period beginning on Wednesday, 30 May 2018, at 0:00 hours (CEST), and ending on Friday, 1 June 2018, at 24:00 hours (CEST)
CONVENIENCE TRANSLATION
of a publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014 (MAR)
dated 28 May 2018
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3.5% Convertible Bond of publity AG – Change of Resolution Proposal of publity AG for the Vote without Meeting in the time period beginning on Wednesday, 30 May 2018, at 0:00 hours (CEST), and ending on Friday, 1 June 2018, at 24:00 hours (CEST)
Leipzig, 28 May 2018 – Today, the Management Board of publity AG (ISIN DE0006972508) (the „Company“) has decided to drop the Company’s resolution proposal to the noteholders of the Convertible Bond 2015/2020 (ISIN DE000A169GM5) on the resolution item 1 of section II of the Request for Vote, published on 8 May 2018, in its current form and to, instead, put to a vote an amended version of the resolution proposal.
The amendment to the resolution proposal is made because the Company, during the time since the Request for Vote has been published, got the impression, through statements and feedback from various noteholders holding substantial parts of the convertible bond, that the concept for a conversion of the notes of the convertible bond into acquisition rights as proposed by the Company is, at this point in time, not supported by the required majority of the noteholders.
Accordingly, the Company proposes, for now, to merely appoint the proposed One Square Advisory Services GmbH (Munich) as joint representative of all noteholders pursuant to section 18 (5) of the terms and conditions of the convertible bond and to assign to it the task to negotiate with the Company a concept suitable to permanently resolve the overall situation with respect to the convertible bond and which receives the required support of the noteholders. Any such concept would then, as the case may be, separately be put to a vote at a later date.
The amended resolution proposal will be published shortly.
The Management Board
Press contact:
Financial press and investor relations:
edicto GmbH
Axel Mühlhaus/Peggy Kropmanns
Phone: +49 69 905505-52
E-mail: publity@edicto.de
Disclaimer
This publication can include forward-looking statements. Forward-looking statements are all statements which do not relate to historical facts or events. This applies in particular to information concerning the Company’s intentions, convictions or current expectations with regard to its future financial earning capacity, plans, liquidity, perspectives, growth, strategy and profitability as well as the underlying economic conditions to which the Company is exposed. The forward-looking statements are based on the Company’s current forecasts and estimates made according to its best judgement. Any such forward-looking statements are, however, subject to risks and uncertainties, as they are based on future events and assumptions which may not occur in future. The Company does not undertake to update or amend the forward-looking statements included in this publication, nor to reflect circumstances which occur after the date of this publication to the extent that these do not constitute insider information with a publication requirement.