2022 Nov 24
WARNING: OFFERS THAT POTENTIALLY CONTRADICT BONDHOLDERS’ INTRERESTS SEEN IN THE MARKET
PlusPlus Capital has been informed that investors have received proposals to sell bonds and messages promoting sale of pledged assets as an attractive way to exit PlusPlus bonds.
Such proposals may represent interests of a market participant aiming the acquisition of PlusPlus Capital’s assets at significantly discounted price.
Described approach is set to strip PlusPlus Capital’s assets and as a result minimize payments to bondholders. Media attacks against PlusPlus are designed to serve the same purpose.
We are aware of this activity and monitor the situation closely.
PlusPlus Capital is committed to treating all its investors equally and has made an offer to all its debt investors at once to exchange their existing overdue Notes to 2026 Eurobond by 16th of December.
Detailed offer has been sent to investors from PlusPlus Capital via email on 14 November 2022.
We encourage clients and investors to be watchful for such proposals and carefully consider whether acceptance of such offers is in line with their best interests.
PlusPlus Capital Q3 and 9M 2022 unaudited results can be found here.
If you have any questions or concerns, please do not hesitate to contact email@example.com
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 100 thousand claims with nominal value of approximately EUR 274 million as at 30 June 2022. 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.