Resparcs Funding Limited Partnership I / Key word(s): Final Results 08.06.2016 20:47 Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
AD-HOC-ANNOUNCEMENT June 8, 2016 Annual financial statement for HSH Nordbank AG approved - coupon payments on silent participation and profit-participation capital expected to take place for 2019, at the earliest HAMBURG/KIEL The supervisory board of the HSH Nordbank AG (HSH) has approved the annual financial statement according to German Commercial Code (HGB) and IFRS for 2015 in today's meeting and has taken notice of the bank's medium term financial plan. On the basis of the decision of the EU Commission dated 2nd May 2016 and the related single payment of EUR 260 million to the holding company to be set up, the medium term financial plan includes the establishment of a special item for general banking risks according to section 340g German Commercial Code (HGB) in order to strengthen the bank's capital resources. Against this background the bank now expects that coupon payments on silent participations and profit-participation capital will only take place in 2020 for the fiscal year 2019, at the earliest. RESPARCS Funding Limited Partnership I Gloucester Tower, 8th Floor The Landmark 15 Queen' s Road Central Hong Kong In addition to privately placed silent participations and profit participation capital of HSH Nordbank AG the following publicly placed instruments based on silent participations of HSH Nordbank AG are affected: RESPARCS Funding Limited Partnership I Securities 8.0% USD 300mn (ISIN XS0159207850) RESPARCS Funding II Limited Partnership Securities 7.5% EUR 500mn (ISIN DE0009842542) HSH Nordbank Sparc Securities 7.4075% EUR 500 mn (ISIN XS0142391894) HSH Nordbank Sphere Securities 7.25% USD 500 mn (ISIN XS0221141400)
---------------------------------------------------------------------------
Information and Explanation of the Issuer to this News: CONTACT Martin Jonas Investor Relations Telephone 0049 431 900 11500 Fax 0049 431 900 611500 martin.jonas@hsh-nordbank.com www.hsh-nordbank.de Mirko Wollrab Head of Communications Telephone 0049 40 3333 12972 Fax 0049 40 3333 612972 mirko.wollrab@hsh-nordbank.com www.hsh-nordbank.de 08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de
---------------------------------------------------------------------------
---------------------------------------------------------------------------
AD-HOC-ANNOUNCEMENT June 8, 2016 Annual financial statement for HSH Nordbank AG approved - coupon payments on silent participation and profit-participation capital expected to take place for 2019, at the earliest HAMBURG/KIEL The supervisory board of the HSH Nordbank AG (HSH) has approved the annual financial statement according to German Commercial Code (HGB) and IFRS for 2015 in today's meeting and has taken notice of the bank's medium term financial plan. On the basis of the decision of the EU Commission dated 2nd May 2016 and the related single payment of EUR 260 million to the holding company to be set up, the medium term financial plan includes the establishment of a special item for general banking risks according to section 340g German Commercial Code (HGB) in order to strengthen the bank's capital resources. Against this background the bank now expects that coupon payments on silent participations and profit-participation capital will only take place in 2020 for the fiscal year 2019, at the earliest. RESPARCS Funding Limited Partnership I Gloucester Tower, 8th Floor The Landmark 15 Queen' s Road Central Hong Kong In addition to privately placed silent participations and profit participation capital of HSH Nordbank AG the following publicly placed instruments based on silent participations of HSH Nordbank AG are affected: RESPARCS Funding Limited Partnership I Securities 8.0% USD 300mn (ISIN XS0159207850) RESPARCS Funding II Limited Partnership Securities 7.5% EUR 500mn (ISIN DE0009842542) HSH Nordbank Sparc Securities 7.4075% EUR 500 mn (ISIN XS0142391894) HSH Nordbank Sphere Securities 7.25% USD 500 mn (ISIN XS0221141400)
---------------------------------------------------------------------------
Information and Explanation of the Issuer to this News: CONTACT Martin Jonas Investor Relations Telephone 0049 431 900 11500 Fax 0049 431 900 611500 martin.jonas@hsh-nordbank.com www.hsh-nordbank.de Mirko Wollrab Head of Communications Telephone 0049 40 3333 12972 Fax 0049 40 3333 612972 mirko.wollrab@hsh-nordbank.com www.hsh-nordbank.de 08.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de
---------------------------------------------------------------------------
