Actions for rescission were filed against the resolutions of both meetings. Both actions for rescission against the resolutions of the bondholder meeting and the Extraordinary General Meeting were withdrawn in short term by the plaintiffs. Accordingly, Singulus Technologies AG commenced with the implementation of the resolved restructuring of the Singulus bond.
The resolutions passed with respect to agenda items 4 to 7 as well as 12 and 13 of the bondholder meeting were already concluded by the custodian Clearstream Banking AG. Accordingly, in particular the extension of the interest payment from the Singulus bond until March 23, 2017 and the temporary waiver of certain termination rights have become effective. The implementation of the resolution regarding the exchange of the Singulus bond into acquisition rights (agenda item 11) as well as the corporate actions resolved by the Extraordinary General Meeting will follow soon.
