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DGAP-News: Adjustment of conversion price of convertible bond 2020/2023 (ISIN DE000A3E46M4) to EUR 1.61 after implemented capital increase
DGAP-News: aap Implantate AG / Key word(s):
The convertible bond 2020/2023 of aap Implantate AG ("aap" or the "Company") is divided into partial bearer bonds ("bonds") with a nominal value of EUR 1.75 each, ranking pari passu among themselves. In accordance to the terms and conditions of the bonds, each bondholder is entitled to convert each bond initially at its nominal value into ordinary bearer shares (no-par value shares) in aap with a pro rata amount of the share capital of EUR 1.00.
On the basis of the capital increase against cash
contributions with subscription and oversubscription
rights of the Company's shareholders out of the
authorized capital 2019/I resolved by the Management
Board and Supervisory Board on 27 September 2021,
aap published on 29 September 2021 a
subscription offer for up to 1,500,000 new ordinary
bearer shares (no-par value shares) in aap
with a pro rata amount of the share capital of EUR
1.00 per share. Shareholders were granted the
statutory subscription right. 1,500,000 new shares
were issued at a subscription price of EUR
Section 11 of the terms and conditions of the bonds
provides for this case that the creditors of the
bonds are protected against dilution. In addition to
the granting of a subscription right or the payment
of a subscription right compensation amount, the
adjustment of the conversion price is also possible.
aap hereby announces that the conversion price
of the bonds has been reduced by EUR 0.14 to EUR 1.61
per share in accordance with the terms and conditions
of the bonds.
For queries, please contact:
aap Implantate AG; Fabian Franke; Head of Investor Relations; Lorenzweg 5; 12099 Berlin, Germany; Phone: +49 (0)30 75019 - 134; Fax: +49 (0)30 75019 - 290; Email: email@example.com
25.11.2021 Dissemination of a Corporate News,
transmitted by DGAP - a service of EQS Group AG.
|Company:||aap Implantate AG|
|Phone:||+49 (0) 30 75 01 90|
|Fax:||+49 (0) 30 75 01 91 11|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1252044|
|End of News||DGAP News Service|
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