PTA-Adhoc: Singulus Technologies Aktiengesellschaft: Publication of Audited Annual Accounts 2020 postponed again

DJ PTA-Adhoc: Singulus Technologies Aktiengesellschaft: Publication of the audited annual accounts 2020 postponed again – legal implications

Disclosure of confidential information pursuant to Art. 17 MAR

Kahl am Main (pta006 / 07/14/2022/08: 55) – Publication of inside information in accordance with Art. 17 MAR

SINGULUS TECHNOLOGIES – Publication of audited Annual Accounts 2020 postponed again – legal implications

Kahl am Main, July 14, 2022 – SINGULUS TECHNOLOGIES suspends the publication of the audited annual financial statements for the financial year 2020 planned for Friday 23 July 2022. The auditor of KPMG AG Wirtschaftsprüfungsgesellschaft, Frankfurt (“KPMG”), informed the company shortly that KPMG was unable to issue the approval as planned. A statement with an unqualified opinion could only be issued after the necessary resolutions were adopted to change the terms of the bonds in the scope of the right to terminate the contract in the event of breach of obligations. The background is a breach of the obligation to meet the terms of the bonds reported on July 12, 2022 for the SINGULUS bonds (ISIN DE000A2AA5H5, WKN A2AA5H) (hereinafter the “bond”) as no audited financial statements for the financial years 2020 and 2021 were provided under the statutory provisions. This breach of duty entitles the bondholders to terminate the contract after 30 days to resolve the situation.

The termination of bonds only applies to actually terminated partial bonds and becomes effective only when more than 20% of bondholders successfully terminate their partial bonds.

SINGULUS TECHNOLOGIES will invite the bondholders to the necessary bondholder meetings with short notice. The following items will be voted on on the agenda: 1) election of a new joint representative of bondholders, and 2) change of the terms of the bonds in such a way that temporarily during a nine (9) month period, the bondholders will be entitled to terminate due to the lack of publication of the audited annual financial statements for the financial years 2020 and 2021 will be repealed.

SINGULUS TECHNOLOGIES is in close and trusted contact with the largest bondholder. The bondholder has already written to the company a waiver of the right to terminate about 26% of the bonds held by him and will support the resolutions at the meetings from the company’s point of view. Nevertheless, it is currently not entirely certain whether the resolutions will be adopted by the bondholders’ meeting in the proposed form.

The working capital loan of EUR 10.0 million may be terminated if SINGULUS TECHNOLOGIES is unable to provide the audited annual financial statements for the financial year 2020 by 23 July 2022. The Company enters into negotiations with the lender in order to obtain sufficient extension of the deadlines for submitting bids . While such an extension has already been granted in comparable situations in the past, this is not certain.

If the working capital line is terminated or the bondholders exercise their right to terminate at least 20% of the issued bonds, unless the bondholders’ meeting has decided to waive their right to terminate, the company will have to file for bankruptcy.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl / Main, WKN A1681X / ISIN DE000A1681X5

Contact:

Maren Schuster, Investor Relations, Tel .: +49 (0) 6188 1612

Bernhard Krause, company spokesman, tel: +49 (0) 172 833 2224

E-mail: bernhard.krause@singulus.de

(End)

Consignor: Singulus Technologies Aktiengesellschaft Address: Hanauer Landstraße 103, 63796 Kahl am Main Country: Germany Contact person: Bernhard Krause Tel .: +49 172 833 2224 E-mail: bernhard.krause@singulus.de Website: www.singulus.de

ISIN codes: DE000A1681X5 (shares), DE000A2AA5H5 (bonds) Stock exchanges: Regulated market in Frankfurt, Berlin; Stuttgart free market, Munich free market, Hamburg free market, Düsseldorf free market, Hanover free market; The open market in Tradegate

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(END) Dow Jones Newswires

July 14, 2022 2:55 AM ET (6:55 GMT)

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