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Dott Secures Approval for New Written Procedure on Senior Secured Bonds

On August 6, 2026, TIER Mobility SE's subsidiary, Dott, announced significant developments regarding its senior secured floating rate bonds. The approval to proceed with a new written procedure has been granted, as formalized in a notice dated July 29, 2026. This approval encompasses modifications that will provide Dott with additional time and flexibility concerning its financial statements.

The financial instrument in question is the senior secured floating rate bonds with a total value of up to EUR 150 million, intended for the period spanning from 2025 to 2029. Specifically, the company has obtained permission to extend the deadline for submitting its 2025 audited consolidated financial statements until September 30, 2026. This extension is critical for maintaining the confidence of stakeholders and ensuring compliance with the bond terms.

The approval also met the requisite quorum and majority requirements, allowing for effective amendments and waivers to the bond's terms. Such flexibility is expected to enhance Dott's operational agility as it navigates through its financial strategies in the current market conditions. Moreover, the amended and restated terms and conditions of the bonds are now accessible for inspection on Dott's official website. This transparency is part of Dott's commitment to keeping its investors and the public well-informed as mandated by the EU Market Abuse Regulation.

Dott, which operates in the rapid mobility sector, is constantly seeking innovative ways to adapt to changing market landscapes. The significance of this approval lies in its potential impact on the company’s growth strategies and its ability to reposition itself amid evolving economic challenges. As more cities embrace sustainable mobility solutions, Dott’s planning and financial governance will play a critical role in its ongoing operations.

In providing a service that aligns closely with urban transportation needs, Dott aims to position itself as a leading player in this industry. By aligning its financial procedures with operational needs, the company can better serve its user base while ensuring the timeliness of its commitments to the bondholders. As Dott continues to make strides in the mobility sector, the approval of this new written procedure is just one of many steps towards its long-term success.

Such advancements not only bolster investor trust but also highlight Dott’s proactive approach in addressing potential financial constraints. Chris Hadfield and Jacopo Dominione, as points of contact for further inquiries, are available to update interested parties and safeguard shareholder interests as Dott moves forward in this promising direction. Looking ahead, the approved amendments will indeed assist Dott in laying down a robust foundation to build its operational flexibility and responsiveness, which are vital for navigating future landscapes in mobility and finance.