Legal proceedings initiated against RoodMicrotec GmbH

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Deventer, February 21, 2022 RoodMicrotec NV, a leading independent provider of quality semiconductors and services, announces that it has been informed by Prime Capital Debt SCS, SICAV-FIS – Robus Recovery Sub-Fund (“Robust“) that Robus has filed a lawsuit in the regional court of Frankfurt am Main (Landgericht Frankfurt am Main) against its wholly-owned subsidiary RoodMicrotec GmbH.

Robus holds the perpetual bond (Genussscheine) of EUR 1,994,000 that RoodMicrotec GmbH issued in 2010. Robus claims to be entitled to compensation of 11.7% compared to 2017, 2018 and H1-2021. Further, alleging RoodMicrotec GmbH’s non-compliance with the terms and conditions of the perpetual bond, Robus seeks reimbursement of the nominal amount of the perpetual bond asserting the extraordinary termination of the perpetual bond. RoodMicrotec GmbH has been informed by Robus that the total amount claimed in the proceedings is EUR 2,568,000 plus interest of 11.7% for the applicable period.

RoodMicrotec GmbH disputes all allegations and claims, and denies that any indemnities are due on the perpetual bond or that there are grounds for extraordinary termination of the perpetual bond. Accordingly, RoodMicrotec GmbH will ask the court to dismiss Robus’ claim.

As announced on February 18, 2022, RoodMicrotec GmbH has reached a full and final settlement of the 2012 perpetual bond with a nominal value of EUR 500 k also held by Robus. RoodMicrotec GmbH will pay Robus a total settlement amount of EUR 400,000 nominal, without any interest, in two equal installments of EUR 200,000 each by February 28, 2022 and June 30, 2022. This final settlement was reached before and confirmed by the Hamburg Regional Court.

RoodMicrotec NV will keep its shareholders and other stakeholders informed of significant developments and issue additional statements as appropriate.

On RoodMicrotec

RoodMicrotec is a leading independent semiconductor company and quality service provider. With over 50 years of experience in the semiconductor and electronics industry, RoodMicrotec is well established as a valued partner to many companies around the world. The company provides complete 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 small quantities to several million per year. The turnkey solution includes project management, wafer testing, assembly, final testing, qualification, failure analysis and logistics. All services comply with the industrial and quality requirements of the high reliability, aeronautics, automotive, healthcare and industrial sectors. RoodMicrotec’s head office is located in Deventer, the Netherlands, with operational units in Nördlingen and Stuttgart, Germany. For more information, visit https://www.roodmicrotec.com

More information

Martin Sallenhag – CEO, Arvid Ladega – CFO
Phone: +31 570 745623 Email: [email protected] Web: www.roodmicrotec.com

This press release is published in English and German. In the event of a conflict between these versions, the English version shall prevail.
This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the European Market Abuse Regulation. The company’s managing director and CEO, Martin Sallenhag, is responsible for arranging the publication of this document on behalf of RoodMicrotech.

  • 2022 02 21_Legal proceedings perpetual bond _E

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