News

Message for all bondholders: 

Dear bondholder, 

Our news releases relating to our common representative mandates are only available in German and can be found on the German version of our website (http://www.onesquareadvisors.com/deutsch/news/aktuelles.php). If you require information on any of these situations, you can contact us on +49 89 15 98 98 0 or info@onesquareadvisors.com where we will be happy to assist you. 

Kind regards, 

Your One Square Advisors Team

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wirecardag

21.07.2020 |

One Square Advisory Services GmbH - Wirecard AG: with information for bondholders of Wirecard AG on current developments and positioning of One Square Advisors as common representative

 

Munich, 21 July 2020 – On Thursday, 25 June 2020, the Management Board of Wirecard AG filed an application for opening of insolvency proceedings on behalf of Wirecard AG with the competent Munich Local Court. With the filing of the insolvency application, Wirecard's business activities will be continued.

 

The Munich based attorney Dr. Michael Jaffé has been appointed as provisional insolvency administrator. Furthermore, applications for insolvency have also been filed for eight German subsidiaries of Wirecard AG, including two guarantors of the EUR 500,000,000 0.50% 19/24 (WKN: A2YNQ5 / ISIN: DE000A2YNQ58), issued by Wirecard AG (the "Bonds"); applications for further subsidiaries cannot be ruled out at present. As a result of these reports, the price of the Bonds has lost more than 80% of its value.


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wirecardag

22.06.2020 |

One Square Advisory Services GmbH - Wirecard AG: Invitation to investor telephone conference with information for bondholders of Wirecard AG on current developments and options

 

Munich, 22 June 2020 – Wirecard announced on 18 June 2020 that the date for the publication of the annual and consolidated financial statements for 2019 would be delayed as no sufficient audit evidence could be obtained of cash balances on trust accounts which have to be consolidated in the consolidated financial statements in the amount of EUR 1.9 billion. On 19 June 2020, the company announced that Markus Braun would resign with immediate effect as member of the management board and that James Freis was appointed as interim CEO. As a result of these news, the price of the EUR 500.000.000 0.50% 19/24 (WKN: A2YNQ5 / ISIN: DE000A2YNQ58) bond, issued by Wirecard AG (the "Bond") lost over 80% of its value in the past days.


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