21 Jun 2023 [ Inside information (Ad-hoc release) ]

Leoni AG: Nuremberg restructuring court confirms restructuring plan

Leoni AG / Key word(s): Capital Reorganisation/Delisting
Leoni AG: Nuremberg restructuring court confirms restructuring plan

21-Jun-2023 / 13:48 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.

Leoni AG: Nuremberg restructuring court confirms restructuring plan

Nuremberg, 21 June 2023 – Leoni AG, Nuremberg (ISIN: DE0005408884 / WKN: 540888), announces that the Nuremberg restructuring court has today confirmed its restructuring plan. This confirmation of the plan follows the acceptance of the restructuring plan by the required majorities at a dedicated discussion and ballot meeting that took place on 31 May 2023.

As communicated on 29 March 2023, among other things, the plan provides for a reduction of Leoni AG’s share capital to zero euros as part of the financial restructuring. This will result in the exit of previous shareholders and a delisting of Leoni’s shares. As a result of the implementation of the other capital measures of the restructuring plan, Leoni AG will receive new liquidity from a capital increase without subscription rights of 150 million euros and will be relieved of financial liabilities of a total of 708 million euros.

The plan is to be implemented immediately after it has taken legal effect and it has received merger control clearance and other customary conditions have been cleared.


Rolf Becker
Senior Manager Investor Relations
Phone: +49 911 2023-134
E-mail: rolf.becker@leoni.com

End of Inside Information

21-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Leoni AG
Marienstraße 7
90402 Nuremberg
Phone: +49 (0)911 20 23-234
Fax: +49 (0)911 20 23-382
E-mail: veroeffentlichung@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; Madrid
EQS News ID: 1662347

End of Announcement EQS News Service

1662347  21-Jun-2023 CET/CEST