Accentro - comment

Accentro's bond amendments have now become effective. Since violation of reporting obligations has been waived until Year-End, we are not expecting much information before then. The agreement provides maturity extensions to 2029, deletes amortisation provisions, lifts acquisition restrictions by €10m to €50m with carry forward, allows an additional €15m of tap issuance and, as stated above, waives rights from the breach of reporting provisions through Dec. 2026.