“G&P GmbH & Co. KG: Solarworld AG Bond 2014/2019-2 Series 1017 (WKN: A1YCN1 / ISIN: DE000A1YCN14)
G&P GmbH & Co. KG was elected as joint representative of the bondholders for the Solarworld Bond 2014/2019-2 Series 1017 with WKN A1YCN1. One Square has taken over the creditor communication on behalf of G&P GmbH & Co. KG.
Information on the status of the insolvency proceedings
Realization of shares of Zinnwald Lithium plc – Request for information for bondholders who do not receive delivery of shares
Payment of sale proceeds Zinnwald Lithium shares – Request for documents
Note: Due to the current market situation, the completion of the liquidation of the Zinnwald Lithium shares will be delayed. The Joint Representatives will inform the bondholders when the closing has taken place.
As a bondholder, you are welcome to register directly with us. This way we can ensure that you will receive all relevant information, developments or changes from us as soon as possible in the future. To do so, please register by providing the name of the bondholder, the email address, and the nominal amount. With this information, we will add you to our distribution list and inform you directly in a timely manner in the future.”
Realisation of the shares in Zinnwald Lithium PLC (“Zinnwald Shares”), which were transferred to G&P GmbH & Co. KG as Joint Representative of the Bondholders of the SolarWorld Bond with the WKN A1YCN1 in connection with the sale of the 50 % stake in Deutsche Lithium GmbH by the insolvency administrator of SolarWorld AG
Dear creditors of the SolarWorld Bond with the WKN A1YCN1,
in the vote without meeting from 9th to 13th September 2021 you resolved that the joint representative should offer those Bondholders who are either entitled to an allocation of Zinnwald Shares with a value of at least EUR 100,000.00 or are qualified investors within the meaning of Sec. 2 of the German Securities Prospectus Act (Wertpapierprospektgesetz – WpPG) to acquire the Zinnwald Shares attributable to them on a pro rata basis in proportion to their respective participation in the total nominal amount of the SolarWorld Bond with the WKN A1YCN1.
With the publication on this website as well as in the Federal Gazette (Bundesanzeiger) on 20 October 2021
Invitation to exercise the option
the Joint Representative asks you to exercise your option, if any, to acquire Zinnwald Shares within an exercise period from 21st October 2021, 0:00 a.m. (CET) to 22nd November 2021, 6:00 p.m. (CET).
Please use the following form
Declaration of Acceptance Form
In addition, you will need a certificate from your custodian bank confirming the number of bonds of the SolarWorld bond with the WKN A1YCN1 that were credited to your securities account as of 15th October 2021, 0:00 a.m. (“Record Date”) and – if you are entitled to acquire in this capacity – proof of your status as a qualified investor.
Your consideration consists of the fact that your claims from the SolarWorld Bond with the WKN A1YCN1, including the interest claims, which have been filed in the insolvency table, are considered partially satisfied. Details on this are still being coordinated with the insolvency administrator.
Those Zinnwald Shares for which the acquisition option is not exercised within the exercise period or cannot be exercised due to a lack of acquisition entitlement will be realised by the joint representative in the best possible way and in a manner that protects the market. To the extent that bondholders have not already acquired Zinnwald Shares, they will receive the proceeds from this realisation less the realisation costs on a pro rata basis in proportion to their respective participation in the total nominal amount of the SolarWorld Bond with the WKN A1YCN1. To receive your share of the realisation proceeds, you need to contact the joint representative. The request to do so and further details will be announced in due course via this website as well as in the Federal Gazette (Bundesanzeiger).