Ad hoc: Resparcs Funding Limited Partnership I: Annual financial statement for HSH Nordbank AG and medium term financial plan approved
Mittwoch, 08.06.2016 20:50 von DGAP
Resparcs Funding Limited Partnership I / Key word(s): Final Results
08.06.2016 20:47
Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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AD-HOC-ANNOUNCEMENT
June 8, 2016
Annual financial statement for HSH Nordbank AG approved - coupon payments
on silent participation and profit-participation capital expected to take
place for 2019, at the earliest
HAMBURG/KIEL The supervisory board of the HSH Nordbank AG (HSH) has
approved the annual financial statement according to German Commercial Code
(HGB) and IFRS for 2015 in today's meeting and has taken notice of the
bank's medium term financial plan.
On the basis of the decision of the EU Commission dated 2nd May 2016 and
the related single payment of EUR 260 million to the holding company to be
set up, the medium term financial plan includes the establishment of a
special item for general banking risks according to section 340g German
Commercial Code (HGB) in order to strengthen the bank's capital resources.
Against this background the bank now expects that coupon payments on silent
participations and profit-participation capital will only take place in
2020 for the fiscal year 2019, at the earliest.
RESPARCS Funding Limited Partnership I
Gloucester Tower, 8th Floor
The Landmark
15 Queen' s Road
Central
Hong Kong
In addition to privately placed silent participations and profit
participation capital of HSH Nordbank AG the following publicly placed
instruments based on silent participations of HSH Nordbank AG are affected:
RESPARCS Funding Limited Partnership I Securities 8.0% USD 300mn
(ISIN XS0159207850)
RESPARCS Funding II Limited Partnership Securities 7.5% EUR 500mn
(ISIN DE0009842542)
HSH Nordbank Sparc Securities 7.4075% EUR 500 mn
(ISIN XS0142391894)
HSH Nordbank Sphere Securities 7.25% USD 500 mn
(ISIN XS0221141400)
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Information and Explanation of the Issuer to this News:
CONTACT
Martin Jonas
Investor Relations
Telephone 0049 431 900 11500
Fax 0049 431 900 611500
martin.jonas@hsh-nordbank.com
www.hsh-nordbank.de
Mirko Wollrab
Head of Communications
Telephone 0049 40 3333 12972
Fax 0049 40 3333 612972
mirko.wollrab@hsh-nordbank.com
www.hsh-nordbank.de
08.06.2016 The DGAP Distribution Services include Regulatory Announcements,
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