DGAP-News: Enterprise Holdings Limited: Enterprise Holdings Starts Buy-Back Program for Corporate Bond

| Source: EQS Group AG
Enterprise Holdings Limited  / Key word(s): Bond

02.07.2014 08:30

Dissemination of a Corporate News, transmitted by DGAP - a company of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this


Enterprise Holdings Starts Buy-Back Program for Corporate Bond
- Volume and duration of buy-back program is limited
- Goal to finance growth remains

The Executive Board of the Enterprise Holdings Limited (Enterprise)
resolved to start a temporary and amount-limited buy-back program for the
7.00 % bond (ISIN: DE000A1G9AQ4) that was issued on September 26, 2012. The
buy-back program is limited to max. 2.0 million euro. It will commence on
July 2, 2014 and end on December 31, 2014 at the latest, if the maximum
number of bonds is not achieved at this point in time. In general the bank
commissioned with the transaction may not purchase more than 25 % of the
average daily volume of the bonds at the exchange, at which the purchase is
made, in accordance with the applicable laws. Share buy backs up to 50 % of
the average daily volume of the bonds at the exchange, at which the
purchase is made, can be carried out and will be announced by the company
in the federal gazette on the day before the trade according to sec 9 of
the terms and conditions of the bond. Each purchase price of the bonds may
not exceed the respective independent prior transaction price and may not
exceed the highest independent offer price at the exchange at the time of
the purchase. The buy-back program may, if required and legally admissible,
be paused and resumed at any time. The Company reserves the right to sell
the corporate bonds again.

The goal of financing growth, which was intended by the bond issue, still

Andrew Flowers, Chief Executive Officer of the Enterprise Holdings Limited,
comments: "During the last days we noticed irrational and volatile prices
in our bond. Despite having enough liquidity and facing the bargain to buy
back bonds from the market, we could not do so. With the buy-back program
we are now able to react on very short notice. We still expect that 2013/14
will become the most profitable year in the company's history. Our balance
sheet remains stable and is still very solid. And with the measures we
already have taken to increase efficiency, we expect continuous profits in
the current fiscal year."

Update on Special Account
According to the terms and conditions of the bond, the issuer shall deposit
an amount equal to 50% of the issuer's estimated monthly net distributable
profits in a specially designated bank account to secure the bond holders'
Based on the estimated monthly profits the company already credited
8,350,000 euro to this separate bank account and also transferred the first
interest payment of 2,450,000 euro to the bond holders on 26 September
2013. Therefore the current credit balance in the special account is
5,904,000 euro which includes the interest payment for 2013.
The special account's monthly development is published regularly on the
company's website www.enterprise-holdings.de -> bond -> factsheet.

Service: Upcoming Events
End of August: follow up rating by Creditreform
September 26: second interest payment for the bond
End of September: consolidated Group annual statements as of 31 March 2014
End of November: investor presentation at Deutsche Eigenkapitalforum
Conference in Frankfurt

End of corporate news

Enterprise Holdings Ltd. Group - an owner-lead insurance firm
Lead by its founder the company holds several other subsidiaries together
with affiliated service companies. The Group offers independent white label
general insurance solutions, apart from life insurance products. The
affiliated companies deliver insurance specific auditing services as well
as administrative and marketing services. The Group focuses its activities
on high-yield niches within the European general insurance market. The main
category of the offered insurances is in the field of automobile damage and
third party insurance, legal costs insurance, household contents insurance
and guarantees. Main markets are currently the United Kingdom, France,
Greece and Italy.

Bond Investor Relations / Press
Please direct all your requests to:
max. Equity Marketing GmbH
Maximilian Fischer
Marienplatz 2
80331 Munich, Germany
Tel: +49 89 139 28890
E-Mail: ir@enterprise-holdings.de

Prospective investors of the Securities should recognise that the
Securities constitute a risk investment, which can lead to a total loss of
their investment in the Securities. Potential investors must therefore be
prepared and able to sustain a partial or even a total loss of the invested
capital. Any investors interested in purchasing the Securities should
assess their financial situation, to ensure that they are in a position to
bear the risks of loss connected with the Securities. Therefore, please
contact your credit and securities institutions. The admissibility of the
acquisition of a security may at various conditions, especially your
nationality be bound. Please inform yourself before an investment.

This information does not constitute an offer to sell or a solicitation of
an offer to purchase any securities of Enterprise Holdings Limited
("issuer"). A decision on an investment in the securities of the issuer may
only be made on the basis of the securities prospectus ("prospectus") which
is approved by the Federal Financial Supervisory Authority (BaFin) and is
published on the website www.enterprise-holdings.de. Only the information
contained in the prospectus is binding in connection with the offer.

This information may not be disseminated outside of Germany and Austria, in
particular not in the United States, to US Persons according to regulation
S of the US Securities Act of 1933 or to publications with a general
circulation in the United States. Any person who fails to comply with these
restrictions may violate the security laws of certain jurisdictions, in
particular of the United States. Bonds in Enterprise Holdings Limited are
not publicly offered outside of Germany and Austria. The Notes will not be
registered under the Securities Act of 1933, or any applicable state or
foreign securities laws, and are subject to substantial restrictions on
transfer. In particular, the Notes may not be offered or sold in the U.S.,
or to or for the benefit of U.S. persons, absent registration under the
Securities Act or an applicable exemption from the registration
requirements of the Securities Act.
The securities mentioned in this press release are not being and will not
be offered for sale to the public in the United States, Australia, Canada
and Japan.

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