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DGAP-News: ORCO Germany S.A.: NOTICE OF THE WARRANTHOLDERS MEETING TO BE HELD ON MAY 7, 201 (deutsch)

Veröffentlicht am 20.04.2012, 08:20
ORCO Germany S.A.: NOTICE OF THE WARRANTHOLDERS MEETING TO BE HELD ON MAY 7, 201

DGAP-News: ORCO Germany S.A. / Key word(s): Miscellaneous

ORCO Germany S.A.: NOTICE OF THE WARRANTHOLDERS MEETING TO BE HELD ON

MAY 7, 201

20.04.2012 / 08:19

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NOTICE OF THE WARRANTHOLDERS MEETING TO BE HELD ON MAY 7, 2012

AT 42, RUE DE LA VALLEE L-2661 LUXEMBOURG AT 10:00 AM CET

A general meeting of the holders of the warrants (the 'Warrantholders'),

registered under ISIN code: XS0302626899 (the 'OG Warrants') as described

under the Prospectus (as defined below) issued by the Company under the

issue of the EUR 100.100.052,00 bonds registered under ISIN code:

XS0302623953 (the 'OG Bonds') with redeemable OG Warrants attached on May

24, 2007 pursuant to a prospectus approved by the Commission de

Surveillance du Secteur Financier (the 'CSSF') on May 24, 2007 (the

'Prospectus'), will be held at 42, rue de la Vallée, L-2661 Luxembourg,

Grand Duchy of Luxembourg, on May 7, 2012 at 10:00 AM Central European time

('CET') (the 'Warrantholders Meeting'), in order to consider and resolve on

the following agenda:

AGENDA

1. Approval of the terms and conditions of the proposal to the holders of

all the OG Bonds (the 'Bondholders') to exchange 84.5% of their OG Bonds

(subject to rounding adjustment as described in Annex A hereto) for their

total nominal amount, accrued interest and reimbursement premium

(representing app. EUR 109.1 Million) into Obligations Convertibles en

Actions (the 'OCA') to be issued by Orco Property Group S.A. ('OPG'), a

Luxembourg société anonyme, having its registered office at 42, rue de la

Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg, registered with the

Luxembourg register of commerce and companies (the 'RCS') under number B

44996 ('OG Conversion'), and approval of all steps and actions in

connection with the OG Conversion, including but not limited to the

entering into and performance of all the transactions, documents,

agreements contemplated, needed or useful in connection with the OG

Conversion;

2. Decision to amend and replace the decisions taken by the general meeting

of the Warrantholders held on April 5, 2012, subject to the realization of

the OPG Bonds Conversion Condition (as defined in Annex A hereto).

3. Decision to acknowledge and approve the amendments to the terms and

conditions of the OG Bonds, in particular the amendment to the maturity of

the OG Bonds and the decrease of the current interest rate of the OG Bonds

to 0.5 % per annum. Proposed amendments to the terms and conditions of the

OG Bonds are described in Annex B of the present notice.

4. Miscellaneous.

Please refer to Annex A attached to the present notice and the Company's

website at www.orcogermany.de for further details pertaining to the

proposed OG Conversion.

* * * *

Note:

The general meetings of the Bondholders and Warrantholders held on April 5,

2012 approved and confirmed the decision taken by previous meetings of the

Bondholders and Warrantholders held on January 27, 2012 to approve the

substitution of all the OG Bonds (for ca. their total nominal value,

premium and coupon interest as at the maturity) into convertible bonds

(obligations convertibles) to be issued by OPG and convertible into OPG

shares, OG shares or cash, in compliance with the provisions of article

94-2 of the Luxembourg law of 10 August 1915 on commercial companies, as

amended from time to time. However, during the meeting of the Bondholders

held on April 5, 2012, the Bondholders present at such meeting, resolved to

slightly amend the terms and conditions of the convertible bonds to be

issued by OPG in exchange of OG Bonds and therefore, the realisation of

such substitution of the OG Bonds against convertible bonds was still

subject to the approval by the board of directors of OPG of the amended

terms and conditions of the convertible bonds, such approval being not yet

granted at the date of the present notice. Accordingly, implementation of

the conversion of the OG Bonds into convertible bonds is for the moment

suspended.

In the meantime, it is explained that (i) an ad-hoc committee of holders of

bonds issued by OPG (representing approximately 1/3 of the nominal value of

the bonds issued by OPG) and (ii) approximately 60.7% of the Bondholders

reached an agreement on April 17, 2012 on a proposed global restructuring

of the bond debt of the Company and OPG, in the terms and conditions

described in Annex A (the 'Transaction'). Therefore, this Warrantholders

Meeting is convened to resolve on the modification regarding the

substitution of OG Bonds against OCA, in the context of the Transaction.

The Warrantholders Meeting shall not validly deliberate on the agenda

mentioned above, unless at least one half of the total number of the OG

Warrants outstanding at the time of the Warrantholders Meeting is

represented.

If such proportion of the total number of the OG Warrants is not met, a

second meeting may be convened, by means of notices published twice at

eight days interval at least and eight days before the meeting in the

Mémorial C, Recueil des Sociétés et Associations and in a Luxembourg

newspaper. The second meeting shall validly deliberate regardless of the

proportion of the OG Warrants represented.

At both meetings, resolutions, in order to be adopted, must be carried by

at least three quarters (3/4) of the votes cast by the Warrantholders

present or represented.

The Warrantholders participation form which is necessary to participate to

the Warrantholders Meeting is at the disposal of the Warrantholders as from

the date of publication of the present notice, at the registered office of

the Company upon request or downloaded from the Company's website at

www.orcogermany.de or ultimately upon request to the financial

intermediaries or to the relevant central registration bank.

Auditor's reports on review of interim financial information of the Company

and of OPG, are at the disposal of the Warrantholders as from the date of

publication of the present notice, at the registered office of the Company

upon request or downloaded from the Company's website at www.orcogermany.de

(OPG's board of directors report also on OPG's website at

www.orcogroup.com) or ultimately upon request to the financial

intermediaries or to the relevant central registration bank.

A report of the Company's board of directors, as well as a report of the

OPG's board of directors, explaining the reasons of the OG Conversion, are

at the disposal of the Warrantholders as from the date of publication of

the present notice, at the registered office of the Company upon request or

downloaded from the Company's website at www.orcogermany.de or ultimately

upon request to the financial intermediaries or to the relevant central

registration bank.

The proposed terms and conditions of the OCA are at the disposal of the

Warrantholders as from the date of publication of the present notice, at

the registered office of the Company upon request or downloaded from the

Company's website at www.orcogermany.de or ultimately upon request to the

financial intermediaries or to the relevant central registration bank.

Copies of the Prospectus, the articles of association of the Company and

the proposed terms and conditions of the OG Conversion are available on the

Company's website at www.orcogermany.de and at the registered office of the

Company upon request.

The board of directors of the Company would like to point out that for

Warrantholders whose ownership is directly or indirectly recorded in the

warrant registry of the Company, the conditions for attendance or

representation at the Warrantholders Meeting are as follows:

1. Conditions for personal attendance

(i) Warrantholders whose ownership is indirectly recorded in the warrant

registry of the Company

Warrantholders whose ownership is indirectly recorded in the warrant

registry of the Company and who elect to attend the Warrantholders Meeting

in person must use their usual applicable contacting method for informing

their financial intermediary, with whom their OG Warrants are on deposit,

accordingly. They must further request their financial intermediary, with

whom their OG Warrants are on deposit, to send a Warrantholders blocking

certificate (the 'Warrantholders blocking certificate') for their OG

Warrants to the relevant central registration bank no later than 5 business

days prior to the Warrantholders Meeting.

Such blocking certificate must indicate clearly the precise identity of the

Warrantholder, the number of OG Warrants being blocked, the date such OG

Warrants are being blocked, which must be no later than May 2, 2012 and a

statement that the relevant OG Warrants are registered in the local bank or

brokers records in the holder's name and shall be blocked until the close

of the Warrantholders Meeting.

The Warrantholders must bring a copy of the Warrantholders blocking

certificate to the Warrantholders Meeting.

The Warrantholders shall also announce their intention to participate at

the Warrantholders Meeting by completing, signing, dating and returning on

May 2, 2012 at the latest to the relevant central registration bank or to

the Company (C/O 'Orco Germany S.A., 42, rue de la Vallée, L-2661

Luxembourg, to Mr. Christophe Le Priol or Mrs. Françoise de Jongh,

département juridique'), the Warrantholders participation form that can be

obtained at the registered office of the Company upon request or downloaded

from the Company's website at www.orcogermany.de or ultimately upon request

to the financial intermediaries or the relevant central registration bank.

(ii) Warrantholders whose ownership is directly recorded in the warrant

registry of the Company

Warrantholders whose ownership is directly recorded in the warrant registry

of the Company, shall announce their intention to participate to the

Warrantholders Meeting by completing, signing, dating and returning on May

2, 2012, at the latest to the relevant central registration bank or to the

Company (C/O 'Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg,

to Mr. Christophe Le Priol or Mrs. Françoise de Jongh, département

juridique') the Warrantholders participation form that can be obtained at

the registered office of the Company upon request or downloaded from the

Company's website at www.orcogermany.de or ultimately upon request to the

financial intermediaries or the relevant central registration bank.

2. Conditions for proxy voting or granting a mandate

(i) Warrantholders whose ownership is indirectly recorded in the warrant

registry of the Company

Warrantholders whose ownership is indirectly recorded in the warrant

registry of the Company and who are unable to attend the Warrantholders

Meeting in person, may give a voting instruction to a third party that the

Warrantholder designates.

Prior to giving voting instructions to a proxy, this Warrantholder must a)

have obtained and delivered to the relevant central registration bank the

Warrantholders blocking certificate described above (see 'Conditions for

personal attendance'), and b) complete, sign and date the Warrantholders

participation form that can be obtained at the registered office of the

Company upon request or downloaded from the Company's website at

www.orcogermany.de or ultimately upon request to the financial

intermediaries or the relevant central registration bank, indicating the

name of the proxy.

The completed, signed and dated Warrantholders participation form must be

returned to the relevant central registration bank or to the Company (C/O

'Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr.

Christophe Le Priol or Mrs. Françoise de Jongh, département juridique') on

May 2, 2012, at the latest, in order to have that name recorded on the

registration list of the Warrantholders Meeting.

If a Warrantholder wishes to be represented by a proxy other than the

Chairman of the Warrantholders Meeting, then this holder must (a) have

obtained and delivered to the relevant central registration bank the

Warrantholders blocking certificate described above (see 'Conditions for

personal attendance'), and (b) complete, sign and date the Warrantholders

participation form that can be obtained at the registered office of the

Company upon request or downloaded from the Company's website at

www.orcogermany.de or ultimately upon request to the financial

intermediaries or the relevant central registration bank, indicating the

name of the proxy. The completed, signed and dated Warrantholders

participation form must be returned to the relevant central registration

bank or to the Company (C/O 'Orco Germany S.A., 42, rue de la Vallée,

L-2661 Luxembourg, to Mr. Christophe Le Priol or Mrs. Françoise de Jongh,

département juridique') on May 2, 2012, at the latest, in order to have

that name recorded on the registration list of the Warrantholders Meeting.

Warrantholders who have obtained the Warrantholders blocking certificate

and have executed a Warrantholders participation form but who wish to

revoke such proxy may do so at any time by timely delivering a properly

executed, later dated participation form on May 2, 2012, at the latest, or

by properly attending and voting in person at the Warrantholders Meeting.

Simply attending the Warrantholders Meeting without voting will not revoke

the proxy.

(ii) Warrantholders whose ownership is directly recorded in the warrant

registry of the Company.

Warrantholders whose ownership is directly recorded in the warrant registry

of the Company must complete, sign and date the Warrantholders

participation form that can be obtained at the registered office of the

Company upon request or downloaded from the Company's website at

www.orcogermany.de or ultimately upon request to the financial

intermediaries or the relevant central registration bank.

The completed, signed and dated Warrantholders participation form must be

returned to the relevant central registration bank or to the Company (C/O

'Orco Germany S.A., 42, rue de la Vallée, L-2661 Luxembourg, to Mr.

Christophe Le Priol or Mrs. Françoise de Jongh, département juridique') on

May 2, 2012, at the latest.

3. Request for information and central registration banks

Warrantholders looking for more information can do so by:

(i) contacting the Company's services directly:

* At the registered office of the Company- Legal Department

Tel.: +352 26 47 67 1

Fax.: +352 26 47 67 67

(ii) contacting one of the central registration banks :

* For OG Warrants that are included in the Clearstream Banking or Euroclear

Bank system and that are admitted to trading on the Euro MTF:

BNP Paribas Security Services - Lucie Maiore, Rudolf Voigtlander

33 rue Gasperich Howald,

Hesperange L-2085, Luxembourg

Tel: +352 26 96 23 89, +352 26 96 62 445

lux.ostdomiciliees@bnpparibas.com

Luxembourg, April 20, 2012

The Board of directors of the Company.

End of Corporate News

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20.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a

company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English

Company: ORCO Germany S.A.

42, rue de la Vallée

L-2661 Luxembourg

Grand Duchy of Luxembourg

Phone: +49 (0)30 390 93 116

Fax: +49 (0)30 390 93 199

E-mail: patricia.jaenisch@orco-gsg.de

Internet: www.orcogermany.de

ISIN: LU0251710041

WKN: A0JL4D

Listed: Regulierter Markt in Frankfurt (Prime Standard);

Freiverkehr in Düsseldorf, Stuttgart





End of News DGAP News-Service

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165778 20.04.2012

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