DGAP-News: Q-Cells SE: Publication of the resolutions passed at the holders' meeting on 27 February 2012
(firmenpresse) - DGAP-News: Q-Cells SE / Key word(s): Bond
Q-Cells SE: Publication of the resolutions passed at the holders'
meeting on 27 February 2012
27.02.2012 / 22:49
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The German language version of this declaration is binding.
This English translation is for information purposes only.
Q-Cells International Finance B.V.
Rotterdam, The Netherlands
EUR 492,500,000 1.375 % convertible bonds due 2012 ('Note')
ISIN: DE000A0LMY64 / WKN (German Securities Identification Number) A0LMY6 /
Common Code: 028696507
with the unconditional and irrevocable guarantee given by
Q-Cells SE ('Q-Cells SE' or 'Guarantor')
Bitterfeld-Wolfen, Germany
Publication of the resolutions passed at the holders' meeting on 27
February 2012
On 27 February 2012, the meeting of the holders of the partial bonds
(Teilschuldverschreibungen) forming part of the Note (the 'Holders')
adopted the following resolution.
Resolution on the declaration of Consent of the joint representative to a
deferral of the nominal amount of the Note until 30 April 2012 and to a
corresponding deferral of claims of the Holders under the Guarantee by
Q-Cells SE
The holders' meeting adopted the following resolution:
The Holders consent to the exercise of and instruct the joint
representative to perform the following measures:
a) deferral of claims of the Holders for payment of the nominal amount
under the EUR 492,500,000 1.375% convertible bonds due 2012 until 30 April
2012;
b) deferral of claims of the Holders under the Guarantee agreement entered
into on 28 February 2007 between Q-Cells SE and Citibank, N.A. for the
benefit of the Holders of the EUR 492,500,000 1.375% convertible bonds due
2012 until 30 April 2012 to the extent these claims serve as security for
claims of the Holders for payment of the nominal amount under the EUR
492,500,000 1.375% convertible bonds due 2012;
c) the deferral in lit. a) and lit. b) is exercised only with the proviso
that it ends with immediate effect if and as soon as one of the following
events occurs:
aa) the Guarantor files a petition to open insolvency proceedings pursuant
to Sec. 17 to 19 German Insolvency Act or the Issuer files a petition to
open insolvency proceedings pursuant to the statutory provisions applicable
under Dutch insolvency law;
bb) a Change of Control as defined in§11(a) or a Merger as defined in§11(b) of the Terms and Conditions occurs;
cc) the Holders resolve on the discontinuation of the deferral in lit. a)
and lit. b) by a resolution adopted with simple majority of the voting
rights participating in the vote in a noteholders' meeting in presence of
the statutory quorum or by way of a vote without a meeting pursuant to Sec.
18 of the German Law on Debt Securities. This event is deemed to have
occurred upon resolution, irrespective of whether the resolution may be
appealed or the resolution is executable pursuant to Sec. 5 et seq. of the
German Law on Debt Securities.
d) The agreement on the deferral is agreed upon with the proviso that
interest due on 28 February 2012 is payable in cash in accordance with the
Terms and Conditions and that from 29 February 2012 interest shall, despite
the deferral, continue to accrue under the Note pursuant to§4 of the
Terms and Conditions.
Rotterdam, 27 February 2012
Q-Cells International Finance B.V.
The Management
End of Corporate News
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27.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Q-Cells SE
Sonnenallee 17-21, OT Thalheim
06766 Bitterfeld-Wolfen
Germany
Phone: +49 (0)3494 - 6699-0
Fax: +49 (0)3494 - 6699-199
E-mail: q-cells(at)q-cells.com
Internet: www.q-cells.com
ISIN: DE0005558662, Wandelanleihe 2012: DE000A0LMY64,
Wandelanleihe 2014: DE000A1AGZ06, Wandelanleihe 2015:
DE000A1E8HF6
WKN: 555866
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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158292 27.02.2012
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