PhilipBe schreef op 28 september 2021 14:22:
[...]
@Lamsrust,
Zo bouwt Mr. Niel inderdaad zijn "plafond" af.
Goed voor ons, het mes dat aan twee kanten snijdt wordt wat botter naar boven toe.
Blijft nog de "verwarring" wat nu eigenijk bedoelt wordt met de vermindering van financial exposure.
Als ik door de documenten van URW NV blader is er helemaal geen sprake van "liquidatie of disposal van de flagships....wat ik wel lees is hetvolgende:
In het Jaarverslag
During the period, the Company had interest bearing loans from URW SE. The principal amount of the loans are €1,260.6 Mn. The interest rate is based on a fixed rate from and including the Issue Date to, but excluding, October 25, 2023. After each 5 years the interest rate to be reset at 5YR Mid-swaps plus relevant margin. The maturity date of the loan is perpetual.
The loan of €750.0 Mn was converted to equity with the exception of the current fair value due on this instrument on December 29, 2020. Reference is made to Note 2.1.4 of the consolidated financial statements.
en nu in het halfjaarverslag:
A part (€500.0 Mn) of the interest bearing loan of €1,260.6 Mn with URW SE was converted on June 30, 2021, into a capital security with a maturity in 99 years and limited default opportunities. After conversion, it qualifies as equity, with the exception of the current fair value of the amount due on this instrument (€0.2 Mn as at June 30, 2021), which will be subsequently measured at amortised cost using the effective interest method.
Dus in een jaar tijd is 1,25 Mrd schuld van URW NV aan URW SE afgebouwd.
(blijft dus nog 750 Mn schuld als onderdeel van de "financiele exposure"van URW SE naar URW NV over). Zo wordt met grote stappen de "navelstreng" tussen URW SE en URW NV doorgeknipt.....