Brief: SGT German Private Equity Resolves Elimination Of Convertible Bond

German Tech Holding GmbH & Co. KGaA

27/10/2020 11:39

Oct 27 (Reuters) - SGT GERMAN PRIVATE EQUITY GMBH & CO KGAA
 SGFn.DE :
    * ELIMINATION OF CONVERTIBLE BOND OF 257 MILLION EUR
RESOLVED IN
CONNECTION WITH MERGER, FOR BENEFIT OF ITS SHAREHOLDERS
    * ELIMINATION OF ISSUANCE OF CONVERTIBLE BOND OF 257 MILLION
EUR
AND IMMINENT DILUTION OF UP TO 103 MILLION SHARES, WITHOUT
REPLACEMENT
    * COMPANY WILL CONVENE AN EXTRAORDINARY GENERAL MEETING
WITHIN
NEXT FEW DAYS IN ORDER TO PASS A RESOLUTION UPON CANCELLATION OF
CONVERTIBLE BOND
    * EXPECTS SUSTAINABLE, PREDICTABLE NET PROFITS FOR MERGED
COMPANY
FROM MARKET STANDARD ASSET MANAGEMENT FEES IN A RANGE OF ABOUT
0.20 TO 0.30 EUR P.A. FROM 2022 ONWARDS
    * DUE TO ELIMINATION OF IMMINENT DILUTION FROM CONVERTIBLE
BOND,
THIS RANGE INCREASES CETERIS PARIBUS TO ABOUT 0.20 TO 0.80 EUR
NET PROFIT P.A. FROM 2022 ONWARDS

Source text for Eikon:  ID:nEQN2Ymka 
Further company coverage:  SGFn.DE 

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