Brief: GK Software decides to issue convertible bonds

Gk Software Se

18/10/2017 16:39

Oct 18 (Reuters) - GK SOFTWARE AG  GKSG.DE : 
    * DECIDES TO ISSUE CONVERTIBLE BONDS 
    * TOTAL NOMINAL AMOUNT OF UP TO EUR 15,000,000 AND WITH A 
TERM THAT RUNS UNTIL 26 OCTOBER 2022 
    * CONVERTIBLE BONDS CAN INITIALLY BE CONVERTED INTO UP TO 
100,000 NEW OR EXISTING SHARES 
    * SAYS DECIDES TO ISSUE CONVERTIBLE BONDS 
    * BONDS WILL HAVE A TERM OF 5 YEARS AND BE ISSUED AT 100% 
OF THEIR NOMINAL AMOUNT OF EUR 1,000.00 FOR EACH 
    * INTEREST COUPON FOR CONVERTIBLE BONDS WILL RANGE BETWEEN 
2.75% AND 3.25% PER ANNUM 
    * CONVERSION PRICE WILL BE BETWEEN EUR 150.00 AND EUR 
155.00 
    * CONVERSION PREMIUM OF APPROX. 17.5649% - 21.4837% ABOVE 
REFERENCE PRICE 
    * CONVERTIBLE BONDS ARE EXPECTED TO BE ISSUED ON OR ABOUT 
26 OCTOBER 2017 
    * INTENDS TO INVEST NET PROCEEDS FROM ISSUE MAINLY IN 
FURTHER GROWTH 
 
Source text for Eikon:  ID:nEQ8bw1bqa  
Further company coverage:  GKSG.DE  
 
 (Gdynia Newsroom) 
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