EQS-Adhoc: grenke AG announces the buyback offer of the outstanding Additional Tier 1 bond with intention to issue a new Additional Tier 1 bond

NOT FOR DISTRIBUTION IN, WITHIN, OR TO ANY PERSON LOCATED OR RESIDING IN THE UNITED STATES OF AMERICA, ITS TERRITORIES OR ITS POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND, AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES, OR THE DISTRICT OF COLUMBIA, OR IN, WITHIN, OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION, OR DISTRIBUTION OF THIS NOTICE IS UNLAWFUL.

Baden-Baden, January 8 January, 2025: GRENKE AG (“grenke AG”) will today issue an invitation to the holders of its three outstanding Additional Tier 1 bonds (as detailed below) and offer to repurchase all of their bonds in exchange for a cash payment (the “Buyback Offer”).

The Buyback Offer is made solely based on a tender offer memorandum published by grenke AG dated January 8 January, 2025 (the “Tender Offer Memorandum”) and applies to the following Additional Tier 1 bonds issued by grenke AG, with a settlement date on or around 20 January, 2025 (the “Settlement Date”), at the respective purchase prices specified below, plus accrued interest up to (and excluding) the Settlement Date.

The Buyback Offer begins on January 8 January, 2025, and ends on January 15 January, 2025 at 5:00 p.m. (CET), unless the offer period is extended, reopened, modified, or closed as specified in the Tender Offer Memorandum.

Notifications regarding participation in the Buyback Offer must be submitted to Kroll Issuer Services Limited as the tender agent (the “Tender Agent”) in accordance with the terms of the Tender Offer Memorandum. The acceptance of bonds offered by the holders is at the sole discretion of grenke AG.

The acceptance of the Buyback Offer is also subject to the successful issue of a new euro-denominated Additional Tier 1 bond by grenke AG, subject to market conditions.

The details of the Buyback Offer are outlined in the Tender Offer Memorandum. The Tender Offer Memorandum will be available from the Tender Agent immediately following the publication of this notice.

Contact information:

Kroll Issuer Services Limited
32 London Bridge Street
London SE1 9SG
United Kingdom
Tel: +44 20 7704 0880
c/o: Jacek Kusion
Email: grenke@is.kroll.com
Website: https://deals.is.kroll.com/grenke