DGAP-Adhoc: Resparcs Funding Limited Partnership I: Termination Notice by HSH Nordbank AG with regard to RESPARCS I Participation Agreement
EQS-Ad-hoc: Resparcs Funding Limited Partnership I / Key word(s): Miscellaneous
Resparcs Funding Limited Partnership I: Termination Notice by HSH Nordbank AG with regard to RESPARCS I Participation Agreement
13-Dec-2018 / 18:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Reference: Termination Notice by HSH Nordbank AG with regard to RESPARCS I Participation Agreement
Termination Notice regarding the participation agreement dated 17 December 2002 between RESPARCS Funding Limited Partnership I as silent partner and HSH Nordbank AG (formerly Landesbank Schleswig-Holstein Girozentrale, Kiel) as bank (RESPARCS I Participation Agreement), received on 10 December 2018
With notice dated 10 December 2018, HSH Nordbank AG has stated the termination of the RESPARCS I Participation Agreement with effect as of 31 December 2020. Simultaneously HSH Nordbank AG informed us that its solvency ratio sustainably exceeded 9% on an unconsolidated and consolidated basis and that it had obtained the approval of the European Central Bank on 2 November 2018.
RESPARCS Funding Limited Partnership I is having the termination notice by HSH Nordbank AG independently legally examined. An effective termination of the RESPARCS I Participation Agreement would lead to a repayment of the silent participation and, respectively, to a repayment to the Securityholders. Repayment Date would be 30 June 2021.
13 December 2018
RESPARCS Funding Limited Partnership I
13-Dec-2018 CET/CEST The EQS Distribution Services include Regulatory Announcements, Corporate News and Press Releases. Archive at www.dgap.de/international
Language:
English
Company:
Resparcs Funding Limited Partnership I
Gloucester Tower, 8th Floor, The Landmark, 15 Queen' s Road
Central Hong Kong
China
Phone:
+65 6550 9011
Fax:
+65 6550 9420
E-mail:
ralf.schmidt@hsh-nordbank.com.sg
Internet:
-
ISIN:
XS0159207850
WKN:
393734
Listed:
Regulated Unofficial Market in Frankfurt, Munich, Stuttgart; Luxembourg Stock Exchange
End of Announcement
EQS News Service
758125 13-Dec-2018 CET/CEST