Brief: Cembra Launches Placements Of Treasury Shares And Private Placement Of Convertible Bonds

Cembra Money Bank AG

01/07/2019 16:48

July 1 (Reuters) - Cembra Money Bank AG  CMBN.S :
    * LAUNCHES PLACEMENTS OF TREASURY SHARES OF UP TO 4.0% OF SHARE CAPITAL
    * LAUNCHES PRIVATE PLACEMENT OF CHF 250 MILLION CONVERTIBLE BONDS
    * TRANSACTION TO ENABLE CEMBRA MONEY BANK TO PARTLY FINANCE ACQUISITION OF CASHGATE AG
    * IS OFFERING UP TO 1.2 MILLION TREASURY SHARES, CORRESPONDING TO UP TO 4.0% OF SHARE
CAPITAL
    * PAYMENT AND SETTLEMENT OF SHARE PLACEMENT IS EXPECTED TO TAKE PLACE ON OR AROUND 4 JULY
2019
    * REMAINING TREASURY SHARES HELD SHALL BE PROPOSED FOR CANCELLATION AT ANNUAL GENERAL
MEETING IN
2020
    * BONDS NOT TO BEAR ANY INTEREST, HAVE CONVERSION PREMIUM OF 28% - 30% TO CLEARING PRICE OF
SHARE
PLACEMENT
    * BONDS HAVE ISSUE PRICE OF 100.0% - 103.6%
    * SETTLEMENT DATE OF BONDS IS EXPECTED TO BE ON OR AROUND 9 JULY 2019

Source text for Eikon:  ID:nTENr549la 
Further company coverage:  CMBN.S 

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