Dott Seeks Bondholder Extension Over 2025 Financial Reporting Delay
TIER Mobility SE, operating as Dott, is launching a formal Written Procedure to push back the delivery deadline for its 2025 audited financial statements to September 30, 2026. The company is currently seeking bondholder approval to waive potential defaults associated with the delayed filing of these consolidated reports.
The delay stems from the extensive workload required to finalize the audit process, which is being conducted in collaboration with PricewaterhouseCoopers. Although the filing schedule has slipped, the company maintains that the audits are in an advanced stage. Management stated that no issues have emerged to date that would block the eventual signing of the financial statements.
To secure consent, Dott has proposed a fee equal to 1.00% of the nominal bond amount for participating investors. Bondholders registered with Euronext Securities Oslo will receive formal notice regarding the process, with voting set to conclude on August 4, 2026. Nordic Trustee & Agency AB will oversee the procedure, and the company expects to release the finalized documents before the end of September.
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