BRIEF

on SINGULUS TECHNOLOGIES AG (isin : DE0007238909)

SINGULUS TECHNOLOGIES Concludes Second Bondholders' Meeting

Stock price chart of SINGULUS TECHNOLOGIES AG (EBR:SNG) showing fluctuations.

Kahl am Main, May 21, 2024 - SINGULUS TECHNOLOGIES AG today announced the conclusion of its second bondholders' meeting. The meeting, concerning the bond with ISIN DE000A2AA5H5 and WKN A2AA5H, achieved a quorum of 43.23%.

A 75% majority was required to pass the four proposed resolutions. However, only 69% of the votes were in favor, resulting in the rejection of the company's proposals. SINGULUS TECHNOLOGIES expressed regret that the bondholders did not support the proposals, which were intended to offer the company greater flexibility.

The rejected resolutions were precautionary, not immediate. The company will now focus on its plans without the proposed changes. Despite this, SINGULUS TECHNOLOGIES reports a strong start to the 2024 fiscal year and expects to maintain this momentum.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all SINGULUS TECHNOLOGIES AG news