Ekosem-Agrar AG's 2022 Financial Report Released - Auditors Express Concerns

• Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, has published its Annual Report for the financial year 2022.
• The company's auditor, DWP AG Wirtschaftsprüfungsgesellschaft, issued disclaimers of opinion on the separate and consolidated financial statements, as for the last two financial years.
• The auditor could not issue a final audit opinion due to the lack of waivers from the financing banks and the effects of the Russia-Ukraine conflict.
• Noteholders of the Ekosem-Agrar bonds 2012/2027 and 2019/2029 are currently called upon to vote on the restructuring of the bonds.
• The first noteholders' meetings will take place on 2 May 2024 in Wiesloch. If the quorum is not reached, the second noteholders' meetings are expected to take place on 3 and 4 June 2024.
• Ekosem-Agrar AG is the German holding company of the Ekoniva Group, one of Russia's largest agricultural companies, with a herd of more than 235,000 cattle and a milk output of 3,440 tons of raw milk per day.

Ekosem Agrar AG Unternehmensanleihe 8,50 % bis 12/22

+1,52 %

-0,50 %

-4,74 %

+145,12 %

-1,95 %

-79,97 %

-80,47 %

-79,59 %

-79,90 %

ISIN:DE000A1R0RZ5WKN:A1R0RZ

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