EQS-Adhoc: VERIANOS SE: Application for the opening of insolvency proceedings over the assets of SMC 2 GmbH & Co. KG

Cologne, September 18, 2024 - The general partner of SMC 2 GmbH & Co. KG has decided to file an application for the opening of insolvency proceedings over the assets of SMC 2 GmbH & Co. KG at the competent local court in Cologne.

The limited partner's shares in SMC 2 GmbH & Co. KG are pledged as collateral in favor of the security trustee of the 8% bond of VERIANOS SE (ISIN: DE000A30VG50).

SMC 2 GmbH & Co. KG in turn holds a stake in a project development company with the purpose of developing a project in the Rhineland. It can be assumed that, as a result of the insolvency proceedings, the proceeds from this project, particularly in the event of an early sale of the investment, will lead to the pledged limited partner's shares in SMC 2 GmbH & Co. KG as collateral in favor of the 8% bond of VERIANOS SE (ISIN: DE000A30VG50) suffer a considerable discount or are even worthless. This effect will not be compensated for by the other collateral provided.

As far as VERIANOS SE is aware, there are currently no grounds for insolvency for the other companies whose limited partnership interests are pledged as collateral for the 8% bond in favor of the security trustee. However, discussions are currently taking place within the circle of shareholders of the respective companies, to replace the respective management company VERIANOS Capital Partners GmbH, for whose assets an application for the opening of insolvency proceedings has also been filed. The outcome of the talks is open and it cannot be ruled out that, depending on the shareholder resolutions adopted, there may also be a negative effect on the value of the collateral in question.

Contact:
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IR contact:
VERIANOS SE
Tobias Bodamer
Gürzenichstraße 21
50667 Cologne
Germany
T +49 221 20046 105
Mail: ir@verianos.com