2026 Jan 20
PlusPlus Capital Financial S.à r.l
Bondholders’ meeting results
Tallinn, Estonia, 20 January 2026 – On Friday, 16 January 2026, PlusPlus Capital Financial S.à r.l. (the “Company”) held a meeting of the 11% Senior Secured Bonds 2022/2026 (ISIN: XS250240155) holders. At the meeting, the following agenda items were put to a vote:
- Reduction of nominal value of the issue from 100 million EUR to 41 million EUR and a write-off of accumulated unpaid interest;
- Change of Terms and Conditions, including an extension of the maturity to December 2030, a change of redemption schedule, a 1:1000 split of bonds, and other technical and administrative adjustments. Revised Terms and Conditions are available at PlusPlus Capital’s website;
- Termination of the reorganisation plan;
- Authorisation for the Issuer to request court ratification of the termination of the reorganisation plan approved by the court on 9 August 2024.
Bondholders representing 65.9% (EUR 45.985 million) of the outstanding principal participated in the meeting. Of those participating, more than 96% voted in favour of each of the four proposed resolutions. Pursuant to Condition 16.3 of the Terms and Conditions, the required quorum was met for each resolution, and all resolutions were duly passed.
Decisions made are necessary to adjust bond terms according to the reorganisation plan of AS PlusPlus Capital, the main debtor of the Company, approved by Estonian Court on 4 July 2025.
Based on bondholders’ decision, the Company will submit an application to terminate reorganisation plan to Luxembourg court.
The Company will provide further updates on the progress and next steps related to the termination of the reorganisation plan in due course.
Contact:
PlusPlus Capital Financial S.à r.l.
Kaarel Raik, Member of the Management Board
Email: kaarel.raik@plusplus.ee
Phone: +372 56 606 148