Ad hoc: SPORTTOTAL AG resolves to issue a convertible bond

Freitag, 22.10.2021 19:18 von DGAP - Aufrufe: 1107

DGAP-Ad-hoc: SPORTTOTAL AG / Key word(s): Issue of Debt SPORTTOTAL AG resolves to issue a convertible bond 22-Oct-2021 / 19:18 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.


Disclosure of insider information pursuant to Article 17 MAR SPORTTOTAL AG, ISIN: DE000A1EMG56 / WKN: A1EMG5 SPORTTOTAL AG resolves to issue a convertible bond

Cologne, 22 October 2021. The Management Board of SPORTTOTAL AG (the "Company") has today resolved, with the approval of the Supervisory Board, to issue a convertible bond from contingent capital.

The Management Board and the Supervisory Board of SPORTTOTAL AG have today resolved to issue a convertible bond of up to EUR 6,973,000.00 with a term to maturity of five years and an interest rate of 8.5 % p.a. ("Convertible Bond"). The Convertible Bond is divided up into up to 6,973 partial debentures, each of which confer entitlement to subscribe to 1,000 new shares in the Company after expiration of a waiting period. Shareholders' subscription rights were excluded by way of resolution passed by the Annual General Meeting of 26 May 2021. The partial debentures will be offered to qualified institutional investors for purchase in the context of a private placement. The Convertible Bond is expected to be subscribed in several tranches, with 1,000 partial debentures being subscribed in the first tranche.

SPORTTOTAL AG Am Coloneum 2 50829 Cologne Germany www.sporttotal.com Tel.: +49 (0)221_7 88 77_ 0 Fax: +49 (0)221_7 88 77_ 199 investorrelations@sporttotal.com  


22-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de


Language: English
Company: SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@sporttotal.com
Internet: www.sporttotal.com
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1242997
 
End of Announcement DGAP News Service

1242997  22-Oct-2021 CET/CEST

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