RoodMicrotec enters into final settlement agreement with Robus regarding legal proceedings on perpetual bond
18 Februar 2022 - 8:18AM
RoodMicrotec enters into final settlement agreement with Robus
regarding legal proceedings on perpetual bond
Deventer, February
18,
2022 – RoodMicrotec N.V., a
leading independent company for semiconductors supply and quality
services, today announces that its wholly owned subsidiary
RoodMicrotec GmbH has entered into an agreement for a full and
final settlement with Prime Capital Debt SCS, SICAV-FIS – Robus
Recovery Sub-Fund ("Robus") regarding the perpetual bond that
RoodMicrotec GmbH issued in 2012 and which is held by Robus.
As announced on September 9, 2021, Robus had
initiated legal proceedings against RoodMicrotec GmbH before the
Regional Court of Hamburg, in which it demanded immediate
termination and claimed full repayment of the 2012 perpetual bond
at its nominal amount of EUR 500k, to be increased with interest
payments that Robus claimed to be entitled to for the years 2017,
2018 and 2021 (total claim EUR 644k). As a full and final
settlement of the 2012 perpetual bond, RoodMicrotec GmbH shall pay
Robus a total settlement amount of EUR 400k nominal, without any
interest, in two equal nominal instalments of EUR 200k each by
February 28, 2022 and June 30, 2022. This final settlement has been
reached before and confirmed by the Regional Court of Hamburg.
With regard to the (out of court) dispute
regarding the perpetual bond in the nominal amount of EUR 1.994k
that RoodMicrotec GmbH issued in 2010 and which is held by Robus,
RoodMicrotec GmbH and Robus have not been able to reach an
agreement on a full and final settlement. RoodMicrotec GmbH is of
the opinion that the extraordinary termination declared by Robus
and any repayment claim based thereon is invalid. Furthermore,
RoodMicrotec takes the position that Robus is not entitled to
interest payments for the years 2017, 2018 and 2021.
About RoodMicrotec
RoodMicrotec is a leading independent company
for semiconductor supply and quality services. With more than 50
years of experience in the semiconductor and electronics industry,
RoodMicrotec is well-established as a highly valued partner for
many companies worldwide. The Company provides full-turnkey ASIC
services for complex microchips that are customized to handle
specific applications for individual customers. In cooperation with
strong partners, RoodMicrotec manages the entire development and
production flow of ASICs in the target volume, ranging from low
quantities up to multiple millions per year. The turnkey solution
includes project management, wafer test, assembly, final test,
qualification, failure analysis and logistics. All services comply
with the industrial and quality requirements of the high
reliability, aerospace, automotive, healthcare and industrial
sectors. RoodMicrotec’s headquarter is located in Deventer,
Netherlands, with operational units in Nördlingen and Stuttgart,
Germany. For more information visit
https://www.roodmicrotec.com
Further information
Martin Sallenhag - CEO, Arvid Ladega -
CFOTelephone: +31 570
745623 Email:
investor-relations@roodmicrotec.com Web:
www.roodmicrotec.com
This press release is published in English and
German. In case of conflict between these versions the English
version shall prevail.
- 2022 02 18_Robus settlement_E
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