Company

Following a resolution passed at the Annual General Meeting on April 23, 2025, HOCN AG,which was in definitive debt restructuring, became HT5 AG. Further resolutions of the General Meeting, in particular the cancellation of the delisting decided in autumn 2024 and the implementation of an ordinary capital increase of up to CHF 150 million for the purpose of converting the outstanding bond (ISINCH0391647986), as well as the introduction of a capital band, created the basis for developing an alternative to the ongoing debt restructuring proceedings.The aim of the new management under the leadership of the Board of Directors of HT5 AG is to restructure the company and then merge it with an attractive, operationally and financially successful company in order to list it on the SIX Swiss Exchange. 

HT5 is indefinitive debt restructuring. The trustee's first call for payment was accepted by over 84% of all hybrid bond creditors. This has enabled a restructuring to be carried out by convening a hybrid bond creditor meeting.The newly elected Board of Directors is currently conducting a clarification process. As soon as further information is available, the company will provide information on the next steps of the planned restructuring together with the trustee Transliq AG.