Luxembourg, 26 October 2022 – Metalcorp Group S.A. announces that despite an exceptionally high participation rate for a first voting of 28.6%, the voting without meeting regarding the 2017/2022 notes (ISIN: DE000A19MDV0) did not reach the required quorum of 50% of the outstanding bond volume as expected and therefore did not constitute a quorum. The company will therefore invite the noteholders to participate in a 2nd noteholders’ meeting, which will take place in the form of a personal meeting on 18 November 2022 at 12:00 in Frankfurt am Main. The invitation will be available for download from tomorrow afternoon on the company website under “Investor Area / Noteholder voting 2017/2022 Notes”. The publication of the invitation in the German Federal Gazette (Bundesanzeiger) will also take place on 27 October 2022.

Metalcorp Group is seeking a one-year extension to 2 October 2023 of the maturity of the originally up to EUR 140 million 2017/2022 notes, having a remaining principal amount of EUR 69.885 million, which matured on 2 October 2022. In addition, the coupon is to be increased from 7% p.a. to 8.5% p.a. and a joint representative of all bondholders is to be appointed. On 21 October 2022, SdK had submitted counter-motions to all agenda items, which were immediately made public on the company’s website under “Investor Area / Noteholder voting 2017/2022 Notes”. Metalcorp Group has welcomed the proposals in principle as a first step towards an agreement with the noteholders and looks forward to continued constructive discussions with the investors.

Carlos Leite, CEO of Metalcorp Group S.A.: “We would like to thank all noteholders who participated in the voting without meeting. For the 2nd noteholders’ meeting we need a quorum of 25% in order to be able to implement the planned measures in the interest of the investors. We therefore kindly ask all noteholders for active participation in this meeting as well.”

For the expenses incurred to the noteholders due to the participation in the 2nd noteholders’ meeting, Metalcorp Group will reimburse all participating noteholders an amount equal to 0.5% of the outstanding nominal value that the respective noteholder registers for the 2nd noteholders’ meeting, but not less than EUR 50.00 per deposit. Payment of the participation fee in excess of the minimum amount is subject to the effective conclusion of the prolongation of the notes. Noteholders can obtain the form for requesting the participation fee also from tomorrow afternoon on the company website under “Investor Area / Noteholder voting 2017/2022 Notes”.

To ensure an open and transparent dialogue, Metalcorp Group invites all noteholders to a conference call with accompanying online presentation, which will take place on Thursday, 27 October 2022 at 16:30. The company will also report on the continued positive operating performance in the 9-month period 2022. Accordingly, sales increased by 66% to EUR 717 million, while EBITDA grew by 26% to EUR 50 million compared with the prior-year period. For the full year 2022, Metalcorp Group expects significant sales and earnings growth compared to the previous year.

To access the presentation, please register via the following link or dial in to the conference call using the following details:

UK & International:      +44 (0) 33 0551 0200

UK Toll Free:                0808 109 0700

Germany:                     +49 (0) 30 3001 90612

Germany Toll Free:       0800 673 7932

Switzerland:                 +41 (0) 22 592 7915

Switzerland Toll Free:   0800 800 038

South Africa:                +27 (0) 11 589 8302

South Africa Toll Free:  0800 980 512

France:                        +33 (0) 1 7037 7166

France Toll Free:          0805 630061

No PIN or password is required. As a caller, you only need to state that you want to dial in for the Metalcorp conference call.

For further information:

Anouar Belli                                        

Metalcorp Group S.A.

Patrick Handley, Tom Pigott


+44 (0) 20 7404 5959

Frank Ostermair, Linh Chung

Better Orange IR & HV AG

+49 (0) 89 8896906 25