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EQS-Adhoc: Corestate management board no longer believes that success of restructuring negotiations is more likely than not

eqs_en 
0 0 18.11.22
EQS-Adhoc: Corestate management board no longer believes that success of restructuring negotiations is more likely than not
 

EQS-Ad-hoc: Corestate Capital Holding S.A. / Key word(s): Restructure of Company
Corestate management board no longer believes that success of restructuring negotiations is more likely than not

18-Nov-2022 / 19:36 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.

Corestate management board no longer believes that success of restructuring negotiations is more likely than not

Frankfurt, November 18, 2022 – Based on information received today on the progress of the negotiations between representatives of major noteholders and equity investors, the management board of Corestate Capital Holding S.A. ("CCHSA") has come to the conclusion tonight that in the management board's view it is no longer sufficiently likely that the restructuring negotiations conducted with major noteholders will be concluded successfully. As a result, the convertible bond is expected to become due and payable on November 28, 2022. In light of this situation, the management board will review whether CCHSA is under an obligation to file for insolvency. If so, CCHSA would file an insolvency application within the statutory one-month period.

Notifying person: 
Dr. Kai Gregor Klinger 
Chief Markets Officer 
T: +49 69 3535630107 
M: +49 152 22755400 
[email protected] 
 

18-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: Corestate Capital Holding S.A.
4 Rue Jean Monnet
2180 Luxembourg
Luxemburg
Phone: +49 69 3535630-107
Fax: +49 69 3535630-299
E-mail: [email protected]
Internet: www.corestate-capital.com
ISIN: LU1296758029
WKN: A141J3
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1491855

 
End of Announcement EQS News Service

1491855  18-Nov-2022 CET/CEST

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Corestate Capital Holding SA Stock

€0.42
-2.950%
We can see a decrease in the price for Corestate Capital Holding SA. Compared to yesterday it has lost -€0.012 (-2.950%).
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With a target price of 3 € there is potential for a 622.89% increase which would mean more than doubling the current price of 0.42 € for Corestate Capital Holding SA.
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eqs_en 
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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