DGAP-Adhoc: MIFA: Bondholders' joint representative approves in principle to defer the interest payment due on 12 August to 25 August

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| Source: EQS Group AG
MIFA Mitteldeutsche Fahrradwerke AG  / Key word(s): Bond

11.08.2014 07:32

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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MIFA: Bondholders' joint representative approves in principle to defer the
interest payment due on 12 August to 25 August

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


11.08.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      MIFA Mitteldeutsche Fahrradwerke AG
              Kyselhäuser Straße 23
              06526 Sangerhausen
              Germany
Phone:        03464-5370
Fax:          03464-537251
E-mail:       b.mirau@mifa.de
Internet:     www.mifa.de
ISIN:         DE000A0B95Y8
WKN:          A0B95Y
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hamburg, München (m:access), Stuttgart
 
End of Announcement                             DGAP News-Service
 
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