RoodMicrotec enters into final settlement agreement with Robus regarding legal proceedings on 2010 perpetual bond
March 08 2023 - 12:52AM
RoodMicrotec enters into final settlement agreement with Robus
regarding legal proceedings on 2010 perpetual bond
Deventer,
March 8,
2023 –
RoodMicrotec N.V., a leading independent company for semiconductors
supply and quality services, today announces that its wholly owned
subsidiary RoodMicrotec GmbH has entered into an agreement for a
full and final settlement with Prime Capital Debt SCS, SICAV-FIS –
Robus Recovery Sub-Fund ("Robus") regarding the perpetual bond that
RoodMicrotec GmbH issued in 2010 and which is held by Robus.
As announced on 21 February 2022, Robus had
initiated legal proceedings against RoodMicrotec GmbH before the
Regional Court of Frankfurt am Main. Robus claimed being entitled
to an 11.7% compensation payment in relation to 2017, 2018 and
H1-2021. In addition, alleging non-compliance by RoodMicrotec GmbH
of the terms and conditions of the 2010 perpetual bond, Robus
claimed the immediate and full repayment of the nominal amount of
the perpetual bond asserting grounds for the extraordinary
termination of the perpetual bond. The total amount claimed by
Robus in the proceedings amounted to EUR 2,568k to be increased
with 11.7% interest for the applicable period.
Following an oral hearing held on 7 March 2023,
the parties have reached agreement on a full and final settlement
that was reached before and confirmed by the Regional Court of
Frankfurt am Main. Pursuant to the settlement, RoodMicrotec GmbH
shall pay a total amount of EUR 2,194k, in four equal instalments
of EUR 548k each, by 31 March, 30 June, 30 September and
31 December 2023. RoodMicrotec will be able to pay the instalments
from free available cash.
RoodMicrotec is pleased that the ongoing
litigation procedure is now settled and the dispute is closed.
About RoodMicrotec
RoodMicrotec is a leading independent company
for semiconductor supply and quality services. With more than 50
years of experience in the semiconductor and electronics industry,
RoodMicrotec is well-established as a highly valued partner for
many companies worldwide. The Company provides full-turnkey ASIC
services for complex microchips that are customized to handle
specific applications for individual customers. In cooperation with
strong partners, RoodMicrotec manages the entire development and
production flow of ASICs in the target volume, ranging from low
quantities up to multiple millions per year. The turnkey solution
includes project management, wafer test, assembly, final test,
qualification, failure analysis and logistics. All services comply
with the industrial and quality requirements of the high
reliability, aerospace, automotive, healthcare and industrial
sectors.
RoodMicrotec’s headquarter is located in
Deventer, Netherlands, with operational units in Nördlingen and
Stuttgart, Germany.
For more information visit
https://www.roodmicrotec.com
Further information
Martin Sallenhag - CEO, Arvid Ladega -
CFOTelephone: +31 570
745623 Email:
investor-relations@roodmicrotec.com Web:
www.roodmicrotec.com
This press release is published in English and
German. In case of conflict between these versions the English
version shall prevail.
- 2023 03 08_Robus settlement bonds 2010_E
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