MIFA MITTELDEUTSCHE FAHRRADWERKE AG Sangerhausen, 11 August 2014 - One Square Advisory Services GmbH, the joint representative of all holders of MIFA's 2013/2018 bond (SIN: A1X25B/ ISIN: DE000A1X25B5), today has approved in principle to defer the first interest payment from the bond due on 12 August 2014 until 25 August 2014 and will not derive any rights from the bond within that period, especially no interest claims.
On 23 July 2014, One Square Advisory Services GmbH was appointed the joint representative of all bondholders at a bondholders' meeting. It was also authorized to approve the deferral of the first interest payment from the bond due on 12 August 2014.
The deferral of the interest claim provides additional room for manoeuvre to continue further negotiations between all stakeholders as part of the restructuring of the company. MIFA's Executive Board is currently conducting intensive talks with the joint representative of the bondholders, all other financing partners and the Indian bicycle manufacturer Hero Cycles Ltd., in order to conclude a restructuring agreement within the next two weeks.
Contact:
Mark Appoh
cometis AG
Unter den Eichen 7
65195 Wiesbaden
Tel.: +49 (611) 205855-21
Fax: +49 (611) 205855-66
E-Mail: appoh@cometis.de
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