EQS-Adhoc: Greencells GmbH plans early termination and redemption of the secured Green Bond 2020/2025 at 102% of the nominal amount, probably in the second quarter of 2024

Greencells GmbH plans early termination and redemption of the secured Green Bond 2020/2025 at 102% of the nominal amount, probably in the second quarter of 2024

Saarbrücken, 26 April 2024 – The Management of Greencells GmbH plans to early redeem its secured 6.5% Green Bond 2020/2025 (ISIN: DE000A289YQ5) with an outstanding volume of EUR 45.1 million, subject to the minimum notice period of 30 days in accordance with the bond terms and conditions, probably in the second quarter of 2024 and repay it at 102% of the nominal amount (optional redemption amount (call)) plus interest accrued up to that date. The redemption of the Green Bond is to be made from bank financing, which Greencells Energy NL B.V., a subsidiary of Greencells Group Holdings Ltd. is to receive from an international bank from Austria and pass on to Greencells GmbH for the purpose of redeeming the bond and in fulfillment of liabilities to Greencells GmbH. As the disbursement of the funds is still subject to various conditions precedent, not all of which are currently fulfilled, the specific date for the early redemption of the outstanding bonds will only be announced in the context of a notice of termination expected to be published in the second quarter of 2024. The notice of termination will be published on the website of Greencells GmbH (www.greencells.com/de/ir/) in accordance with the bond terms and conditions and will also be disclosed in the Federal Gazette (“Bundesanzeiger”).

Notifying person:
Andreas Hoffmann (CEO)
Greencells GmbH