EQS-Adhoc: PREOS: Frankfurt Higher Regional Court rejects application for release regarding the resolutions on the 7.5% PREOS convertible bond 2019/2024 / Insolvency application now required
EQS-Ad-hoc: PREOS Global Office Real Estate Technology AG / Key word(s): Legal Matter
PREOS: Frankfurt Higher Regional Court rejects application for release regarding the resolutions on the 7.5% PREOS convertible bond 2019/2024 / Insolvency application now required
28-Jun-2024 / 15:35 CET/CEST
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PREOS Global Office Real Estate Technology AG: Frankfurt Higher Regional Court rejects application for release regarding the resolutions on the 7.5% PREOS convertible bond 2019/2024 / Insolvency application now required
Frankfurt am Main, June 28, 2024 - PREOS Global Office Real Estate Technology AG ("PREOS", ISIN DE000A2LQ850) announces that the Higher Regional Court in Frankfurt am Main today rejected the company's application for approval to implement the resolutions of the vote without meeting from December 1 to December 3, 2023 for the 7.5% PREOS convertible bond 2019/2024 (ISIN: DE000A254NA6). This means that the resolutions to restructure the PREOS convertible bond cannot be implemented as planned by PREOS. Against this background, PREOS is required to file for insolvency by July 1, 2024.
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