CORESTATE CAPITAL HOLDING S.A.

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Associated tags: SDAX, Frankfurt Stock Exchange

Locations: LUXEMBURG, EUROPE, LUXEMBOURG, EUROPA, FRANKFURT, GERMANY, GERMAN, PARIS, LEBEN, MADRID, LONDON, VIENNA, DER, STUTTGART, MAINZ, IMMER, ROSTOCK, NEUBAU, , DIE, LEIPZIG

EQS-News: Corestate Capital Holding S.A.: Corestate successfully completes financial restructuring

Retrieved on: 
Friday, August 25, 2023
CoreStates Financial Corporation, New Super Mario Bros. U, Extraordinary general meeting, Security (finance)

Parallel issue of 132m new shares completed; new shareholder structure ensures stability and reflects investor confidence

Key Points: 
  • Parallel issue of 132m new shares completed; new shareholder structure ensures stability and reflects investor confidence
    Luxembourg, 25 August 2023 – Corestate Capital Holding S.A. ("Corestate") today successfully completed the balance sheet restructuring and recapitalization of the Group pursuant to resolutions by the Noteholders' meetings on 21 June 2023 and the Extraordinary General Meeting on 14 July 2023.
  • After reducing its financial liabilities from bonds from around €535m to around €143m, the Group now has significantly less debt and solid, long-term financing.
  • Convinced by the capital increase, they have given their full backing to the strategic realignment of the Group.
  • On an operational level, the extensive restructuring of Corestate that was launched last year and the accompanying rigorous cost-cutting program have so far been implemented as planned.

EQS-News: Corestate Capital Holding S.A.: Corestate: Extraordinary General Meeting votes with large majority for restructuring of share capital

Retrieved on: 
Friday, July 14, 2023
CoreStates Financial Corporation, Supervisory board, Mass meeting, Security (finance)

Juli 2023 – Today's extraordinary shareholders' meeting of Corestate Capital Holding S.A. ("Corestate") adopted all agenda items with a very large majority.

Key Points: 
  • Juli 2023 – Today's extraordinary shareholders' meeting of Corestate Capital Holding S.A. ("Corestate") adopted all agenda items with a very large majority.
  • The main subject of the resolution was the implementation of a so-called "coup d'accordéon" ("capital cut").
  • In this context, following a capital reduction, the Company's capital will be increased by issuing around 132m new shares.
  • The outcome of today's General Meeting represents an important milestone for the recapitalization of the Corestate Group with a scheduled closing in August 2023.

EQS-News: Corestate Capital Holding S.A.: CONVENING NOTICE TO THE RECONVENED EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS

Retrieved on: 
Tuesday, June 27, 2023
Transfer, Allen & Overy, Islamabad Wildlife Management Board, Section, Correspondence, Participation, European Data Protection Supervisor, Condition, News, Date, Meeting, The Meeting, CEST, Acknowledgment, Companies Act, Exercise, First Meeting, Capital, Collateralization, First, Supervision, Supervisory board, Condition precedent, Companies Act 2006, Authorised capital, First Meeting (Miroslav Vitouš album), N51 road (Luxembourg), Equity carve-out, Person, EUR, Subscription business model, Security (finance), Holding company, Property management, Bank, Cryptocurrency, Reinsurance, Pension fund, Generic drug, Medical device, Mail, Online shopping, Article, Grand duchy, Note

An extraordinary general meeting of the shareholders of Corestate Capital Holding S.A. (the Company) was initially convened for 15 June 2023, at 10:00 a.m. CEST (the First Meeting).

Key Points: 
  • An extraordinary general meeting of the shareholders of Corestate Capital Holding S.A. (the Company) was initially convened for 15 June 2023, at 10:00 a.m. CEST (the First Meeting).
  • At the First Meeting, less than one half (1/2) of the share capital of the Company was represented.
  • The shareholders can ask questions, subject to certain time limits set out herein (please refer to Section VIII below).
  • Further information about the proposed candidate is available on the homepage at www.corestate-capital.com under “Shareholders” and “General Meeting” and will be available for inspection during the Meeting.

EQS-News: Corestate Capital Holding S.A.: Noteholders' meetings approve bond restructuring with large majority – important milestone for debt reduction reached

Retrieved on: 
Wednesday, June 21, 2023
ISIN, Note, CoreStates Financial Corporation, Frankfurt Stock Exchange, General Standard, Mass meeting, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • The resolutions passed today represent an important milestone for the debt reduction of the Company.
  • Correspondingly, the balance sheet restructuring and recapitalization of the Group is expected to be completed by August 2023.
  • The tradability of the Company's shares on the regulated market of the Frankfurt Stock Exchange will be ensured also after the segment change.

EQS-News: Corestate Capital Holding S.A.: Invitation to acquire New Super Senior Notes and New Shares by professional investors and qualified investors by submitting an offer until 30 June 2023

Retrieved on: 
Saturday, June 17, 2023
Letter, Creditor, New Super Mario Bros., Commitment, SEC Rule 144A, Federal Gazette, CoreStates Financial Corporation, AMERICA, Person, Sale, Regulation, Subscription business model, Acquisition, CEST, ISIN, Federal Gazette (Switzerland), SE, Convertible, KYC, Security (finance), Bank, Mail, Risk management, Note, EU, Art

Holders of Notes must therefore hold 14 Notes in order to acquire one (1) New Super Senior Note, 28 Notes in order to acquire two (2) New Super Senior Notes, etc.

Key Points: 
  • Holders of Notes must therefore hold 14 Notes in order to acquire one (1) New Super Senior Note, 28 Notes in order to acquire two (2) New Super Senior Notes, etc.
  • An isolated acquisition of New Super Senior Notes or of New Shares is excluded, New Super Senior Notes can only be acquired together with the corresponding number of New Shares and vice versa.
  • This invitation to acquire New Super Senior Notes and New Shares of the Company is directed exclusively at professional investors and qualified investors within the meaning of Art.
  • No prospectus will be prepared in connection with the invitation to acquire the New Super Senior Notes and the New Shares.