DGAP-Ad-hoc: Suncap SCOOP S.A. / Key word(s): Bond/Statement
Suncap SCOOP S.A. acting in relation to its Compartment E 7, Grand Rue L-6630 Wasserbillig Grand Duchy of Luxembourg RCS Luxembourg: B191977 (the "Issuer") 27 January 2020 ALPHA FX INDEX LINKED NOTES 2026 (ISIN XS1545830256) Status update With reference to the previous status update dated 23 December 2019, the Issuer wishes to update the Noteholders and the market generally about the latest developments and the current situation.
As announced previously, the Early Redemption ultimately did not occur on said date:
The Issuer has repeatedly and formally demanded that the realisation proceeds of the hedging assets be immediately transferred to the Issuer's cash account in Luxembourg for distribution to the Noteholders in accordance with the terms and conditions of the Notes. The Trading Platform has not executed any of the transfer requests to date. The Issuer will continue to take appropriate action and pursue adequate remedies in the best interest of the individual Noteholders in view of recovering the Monies and facilitating the orderly distribution of the Early Redemption Amount.
In accordance with the terms and conditions of the Notes, the Notes are freely transferable, and the Noteholders may, subject to applicable laws, transfer, sell, exchange or otherwise dispose of the Notes (a "Transfer") and assign any rights they may have in respect of the Notes, including any monetary claims arising in connection with the Early Redemption (an "Assignment"). The Issuer, subject to the receipt of the Monies and the subsequent determination of the Early Redemption Amount, will, in accordance with the contractual terms governing the Notes, distribute the Early Redemption Amount via the Paying Agent to the clearing system for onward distribution to the direct participants in the clearing system, and ultimately the account banks through which the individual Noteholders hold their Notes. Any purported Transfer or Assignment does not affect the requirement that all payments, including in respect of the Early Redemption Amount, must be made via the Paying Agent to the clearing system to finally reach the individual Noteholders. The Noteholders are free to direct their respective account banks to pay any amounts received in respect of the Notes, including their share in the Early Redemption Amount, to any relevant assignee, including the Trading Platform, but this does not involve the Issuer. For the avoidance of doubt, any purported Transfer or Assignment as well as any issue of financial instruments by the SPV (or any other entity) has not been initiated and is not supported or endorsed in any way by the Issuer who disclaims any liability in this respect. All of the Issuer's rights are reserved. This communication is made by Fabian Föhre in his capacity as member of the board of directors of the Issuer. For additional information, Noteholders are encouraged to get in touch with Erik van Os via directors@oaklet.lu or +352 26704225.
28-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Suncap SCOOP S.A. |
| 7 Grand Rue | |
| 6630 Wasserbillig | |
| Luxemburg | |
| Phone: | +35226704225 |
| E-mail: | directors@oaklet.lu |
| ISIN: | XS1545830256 |
| WKN: | A2D8QX |
| EQS News ID: | 962517 |
| End of Announcement | DGAP News Service |
962517 28-Jan-2020 CET/CEST
