PlusPlus Capital Financial S.à r.l. receives court approval to start
Reorganization process

EQS-News: PlusPlus Capital Financial S.à.r.l. / Key word(s): Legal Matter
PlusPlus Capital Financial S.à r.l. receives court approval to start
Reorganization process

19.04.2024 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PlusPlus Capital Financial S.à r.l. receives court approval to start
Reorganization process

Tallinn, Estonia, 19 April 2024. PlusPlus Capital Financial S.à r.l., a
private limited liability company (société à responsabilité limitée)
governed by the laws of the Grand Duchy of Luxembourg, with registered
office at 1, rue Jean Piret, L-2350 Luxembourg Grand Duchy of Luxembourg
registered with the Luxembourg Register of Commerce and Companies (Registre
de Commerce et des Sociétés de Luxembourg (RCS)) under the registration
number B268205 (the "Issuer"), the wholly-owned subsidiary of AS PlusPlus
Capital has received approval from the District Court of Luxembourg (the
"Court") on 12 April 2024 to undertake a judicial reorganization in the form
of a collective arrangement in accordance with Luxembourg law (the
"Decision").

Pursuant to the terms of the Decision, the Court granted the Issuer a stay
of proceedings for a period of up to four months, expiring on 12 August 2024
with regard to its payment obligations relating to the senior secured bond
with ISIN XS2502401552.

Every creditor of the Issuer holding a senior secured bond with the ISIN
XS2502401552 will receive individual notification of the Decision via the
clearing system or any other acceptable electronic medium. Additionally,
each creditor holding a senior secured bond with the ISIN XS2502401552 will
be individually informed of its respective claim amount and any security or
lien securing those claims.

During the stay granted by the Court, the Issuer will engage in negotiations
with its creditors and prepare a reorganization plan. The reorganization
plan will be presented to the creditors and ratified through voting process.
The final approval of the reorganization plan will occur during a court
hearing.

More detailed information about the Decision can be found here. PlusPlus
Capital will inform the creditors about the further steps of the
reorganization process in due course.

Contact:

PlusPlus Capital
Kaarel Raik, Member of the Management Board
Email: kaarel.raik@plusplus.ee
Phone: +372 56 606 148

About PlusPlus Capital:

PlusPlus is a pan-Baltic and Finnish technology-driven receivables
management company with offices in Tallinn, Riga, Vilnius, and Helsinki. The
company acquires overdue loans and other non-performing exposures from
financial institutions and non-financial sector merchants. With its core
competence in handling claims against private individuals, PlusPlus prefers
diversified portfolios balanced by geography, portfolio type, and other
metrics.

Since its inception in 2010, PlusPlus has bought over 120 thousand claims
with nominal value of approximately EUR 270 million. The company offers its
clients affordable recovery solutions and aims to avoid litigious scenarios.
In doing so, PlusPlus pursues win-win solutions that allow sellers to focus
on their core business, provide affordable solutions for borrowers, and
ensure adequate returns for investors.

PlusPlus is a transparent and socially responsible company set to assist
people in resolving problems connected with their insufficient solvency. The
ambition of PlusPlus is to increase its market share and further strengthen
its position as a leading player in its regional market.

pluspluscapital.eu


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19.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Archive at www.eqs-news.com

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   Language:       English
   Company:        PlusPlus Capital Financial S.à.r.l.
                   1 rue Jean Piret
                   L-2350 Luxembourg
                   Luxemburg
   E-mail:         info@pluspluscapital.eu
   Internet:       https://pluspluscapital.eu/
   ISIN:           XS2502401552
   WKN:            A3K7UD
   Listed:         Regulated Unofficial Market in Berlin, Frankfurt,
                   Munich, Tradegate Exchange
   EQS News ID:    1885145

End of News EQS News Service
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1885145 19.04.2024 CET/CEST