Adhoc-Mitteilung gemäß § 15 WpHG
ALBA Group plc & Co. KG (“ALBA Group”) and a fund controlled by the Deng family, which is also a shareholder in the Shenzhen-based and listed company Chengdu Techcent Environment Co. Ltd, have received the requested approvals from the Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC) and the State Administration of Foreign Exchange (SAFE). With these approvals and the completion of the financing, all relevant conditions and requirements for the consummation of the Transaction are fulfilled. ALBA Group currently expects that the Transaction will be consummated in March 2017.
The consummation of the Transaction represents a condition precedent for funding under ALBA Group’s new €240 million credit agreement. ALBA Group intends, upon satisfaction of all conditions precedent to funding, to use a portion of the proceeds to be drawn under the new credit agreement for the full refinancing and redemption of its outstanding €203 million Senior Notes due 2018. ALBA Group currently expects that it will issue the redemption notice following the consummation of the Transaction and that the redemption will occur at a redemption price of 100%.