
Bearer debenture in the nominal amount of 5.4 mn EUR acquired and restructured by new investor
Current bearer debenture payables reduced by 4.3mn EUR
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces, that negotiations with a main creditor have been successfully completed and a further step towards the company's restructuring has been mplemented.
A bearer debenturein the nominal amount of 5.4 mn EUR, issued in 2010, was acquired by a new investor. Its terms of repayment regarding principal and interest were restructured.
Additionally, the new investor acquired a silent partnership of 18.6%, held by UET United Electronic Technology AG in Elcon Systemtechnik GmbH, for the purchase price of 4.05 mn EUR.
These restructuring steps allowed the company to reduce its current bearer debenture payables by 4.3 mn EUR.
The remaining bearer debentures are from now on subject to 5% interest. The first interest payments are due December 31st, 2015. Regarding the repayment of the remaining principal the parties negotiated an installment plan. The first installment is due on September 30th 2015.
Provided, the UET AG repays its remaining debenture payables in due time, the company can exercise a call-option to repurchase the silent partnership of 18.6% in Elcon Systemtechnik GmbH for a purchase price of 2.5 mn EUR in the year 2017. This allows UET AG to benefit from ELCON's long-term development and growth.
UET AG plans to complete and announce its annual financial statements and report for the fiscal year of 2012 shortly.
Contact:
UET United Electronic Technology AG
Frankfurter Stra e 80-82
D-65760 Eschborn
Christina T mmler
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
More from Albis
06/03/2025
aconnic AG (ISIN: DE000A0LBKW6), Munich, plans to increase the share capital aga...
18/02/2025
Network equipment provider increases international sales in communication networ...
18/02/2025
aconnic AG (ISIN: DE000A0LBKW6), Munich, announces the conclusion of an order fr...
09/01/2025
aconnic AG (ISIN: DE000A0LBKW6), Munich, concludes a major contract to supply optical gigabit systems for the further development and expansion of the telecommu...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces th...
02/12/2024
EBITDA for the group with 1.989 mn EUR positive
Revenues for core business acti...
02/12/2024
EBITDA for the group with 1.207 mn EUR positive
Consolidated revenues for core ...
02/12/2024
Bearer debenture in the nominal amount of 5.4 mn EUR acquired and restructured by new investor
Current bearer debenture payables reduced by 4.3mn EUR
UET Unit...
02/12/2024
Enhancement of competitiveness
Further development of UET's business unit M...
02/12/2024
Auditors issued unqualified audit opinion
EBITDA for the group with 1.989 mn EU...
02/12/2024
UET United Electronic Technology AG's (ISIN: DE000A0LBKW6), Eschborn names new member of the Supervisory Board.
Mr. Clemens Reif has resigned as a member o...
02/12/2024
Consolidated Revenues of 45.331 mn EUR
Group EBITDA with 4.677 mn EUR positive
...
02/12/2024
Consolidated Revenues grew by 6% to 11.578 mn EUR
EBIT improves by 0.386 mn EU...
02/12/2024
Consolidated Revenues grew by 1.1 mn EUR to 12.403 mn EUR
All operating units i...
02/12/2024
Growth and increase in profit compared to the previous year
Consolidated revenu...
02/12/2024
Consolidated revenues grew by 1.671 mn EUR to 13.032 mn EUR
Increase in profit...
02/12/2024
Investments of approx. 2 mn EUR in Germany
Increase of production volume of app...
02/12/2024
Registered share capital increased to EUR 9,447,590.00
1,000,000 new shares iss...
02/12/2024
Consolidated revenues amounted to 17.283 mn EUR
Revenue growth 4.880 mn EUR re...
02/12/2024
Consolidated revenues of EUR 32.629 mn
EBITDA for the group with EUR 1.921 mn ...
02/12/2024
Consolidated revenues amounted to 16.629 mn EUR
Revenue growth 3.596 mn EUR re...
02/12/2024
Revenues grow by 31.7 % to 63.803 mn EUR
EBITDA amounts to -1.728 mn EUR, EBIT...
02/12/2024
Consolidated revenues amounted to 17.679 mn EUR
Revenue growth of 2.206 mn EUR...
02/12/2024
Consolidated revenues amounted to 16.065 mn EUR
Decrease in turnover of -1.218 ...
02/12/2024
Consolidated revenues of 33.617 mn EUR
EBITDA for the group positive with 0.2...
02/12/2024
Capital Increase of 3.0 mn EUR against contributions in kind
Reduction of liab...
02/12/2024
Sale of substantial assets of Letron Electronic
Letter of Intent for the acquis...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces th...
02/12/2024
Revenues of 60.611mn EUR
EBITDA amounts to 5.483 mn EUR, EBIT 3.132 mn EUR
Ca...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, albis-elcon ...
02/12/2024
Consolidated revenues of 27.528 mn EUR
EBITDA for the group positive with 1.281...
02/12/2024
Financial Statement 2016 UET AG/ UET consolidated finalized and audited
Annual ...
02/12/2024
Focus on business areas SYSTEMS, SERVICE and ENGINEERING
Positive extraordinary...
02/12/2024
Nominal Capital Increase of EUR 3.0 million
Takeover of existing operating comp...
02/12/2024
Consolidated revenues of 47.635 mn EUR
EBITDA amounts to 1.784 mn EUR
Cash flo...
02/12/2024
Consolidated revenues of 21.303 mn EUR
EBITDA for the group positive with 3.87...
02/12/2024
Further investments in the Mexican market
New larger office in Mexico City
UET...
02/12/2024
Financing Facility of EUR 12,500,000.00 debt for future growth
Repurchase of th...
02/12/2024
Consolidated revenues of 39.026 mn EUR
EBITDA amounts to 6.522 mn EUR
Earning...
02/12/2024
Merger of non-operating SPV's
Reduction of Complexity and Costs
UET United...
02/12/2024
Consolidated revenues of 17.908 mn EUR
EBITDA for the group positive with 0.29...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces to...
02/12/2024
Forecast growth potentially lower than expected
Production guaranteed at own lo...
02/12/2024
The Sars-CoV-2 virus is spreading and effecting people and business processes all over the world.
We at UET Group are providing Hardware, Software and Services...
02/12/2024
The UET Group announces for the SYSTEMS business area under the brand albis-elcon the opening of new offices in Mexico in the cities of Hermosillo, Merida and M...
02/12/2024
Consolidated revenues of 46.454 mn EUR
EBITDA amounts to 6.223 mn EUR
Earning...
02/12/2024
Consolidated revenues of 16.665 mn EUR
EBITDA for the group positive with 0.691...