EANS-Adhoc: ALPINE Holding GmbH
Effectiveness of Restructuring Agreement /
Publication of Annual Financial Statements
27.03.2013 – 13:59
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Restructuring & Recapitalisations/Company Information 27.03.2013 In implementing the proposed restructuring, ALPINE Holding, ALPINE Group companies and its financing partners concluded a comprehensive restructuring agreement, which became effective as of today upon fulfillment of all conditions precedent. The financing partners agreed to a haircut in the amount of EUR 150 million. The legal position of the holders of bonds issued by ALPINE Holding GmbH will not be affected by such hair cut. ALPINE Group's shareholder, FCC, contributes an aggregate amount of EUR 246 million in connection with the restructuring, of which EUR 99 million were already converted into equity for the 2012 financial year. The restructuring agreement expires on March 31, 2015. It provides for a sustainable basis for implementing the restructuring of the ALPINE Group. The annual financial statements of ALPINE Holding GmbH for 2012 will, due to the ongoing restructuring efforts, not be published as envisaged by the end of April 2013, but are expected to be published on or about 31 May 2013. Further inquiry note: Mag. Johannes Gfrerer Konzernpressesprecher ALPINE Gruppe Telefon +43 662 8582 286 johannes.gfrerer@alpine.at www.alpine.at end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: ALPINE Holding GmbH Alte Bundesstraße 10 A-5071 Wals bei Salzburg phone: +43 662 85 82 FAX: +43 1 610 79 - 275 mail: johannes.gfrerer@alpine.at WWW: www.alpine.at sector: Construction & Property ISIN: AT0000A0JDG2 indexes: stockmarkets: Regulated free trade: Wien language: English