Brief: Naga Group To Exercise 2021/2022 Convertible Bond Reissue Option

NAGA AG

25/05/2021 13:12

May 25 (Reuters) - NAGA GROUP AG  N4G.DE :
    * TO EXERCISE REISSUE OPTION IN ACCORDANCE WITH TERMS AND
CONDITIONS OF CONVERTIBLE BOND CONVERTIBLE BOND 2021/2022 ISSUED
BY THE COMPANY IN MARCH 2021
    * NEW BONDS WILL BE TRANSFERRED TO BONDHOLDERS IN RETURN FOR
TRANSFER OF OWNERSHIP OF OLD BONDS, WHICH TO COMPANY AT A RATIO
OF 1: 1
    * TO NEW ISSUE OPTION AND SUBDIVIDE NEW BONDS FOR UP TO EUR
7,400,000.00 INTO UP TO 7,400 BEARER BONDS WITH A NOMINAL VALUE
OF EUR 1,000.00 EACH
    * ISSUE AGAINST CONTRIBUTION IN KIND WITH THE EXCLUSION OF
SHAREHOLDERS' SUBSCRIPTION RIGHTS

Source text for Eikon:  ID:nEQ6XBQ4sa 
Further company coverage:  N4G.DE 

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