Brief: SLM Solutions Group Says Subscription For Convertible Bonds Starts On June 26, 2020

Nikon SLM Solutions AG

24/06/2020 14:33

June 24 (Reuters) - SLM SOLUTIONS GROUP AG  AM3D.DE :
    * SUBSCRIPTION PERIOD FOR FIRST TRANCHE OF NEW CONVERTIBLE
BONDS
BEGINS ON JUNE 26, 2020
    * OFFER FOR SUBSCRIPTION OF EUR 15 MIO. 2.00% CONVERTIBLE
BONDS
2020/2026 WILL BE MADE EXCLUSIVELY TO HOLDERS OF SLM SOLUTIONS'
SHARES AND CONVERTIBLE BONDS 2017/2022
    * SUBSCRIPTION PERIOD ENDS ON JULY 10, 2020, 12:00 NOON
(CEST)
    * OFFER OF 15,000 PARTIAL BONDS WITH A DENOMINATION OF EUR
1,000
AND SUBSCRIPTION RIGHTS TO A SECOND AND THIRD TRANCHE OF
CONVERTIBLE BONDS IN A VOLUME OF UP TO APPROX. EUR 45 MILLION
    * USE OF EXPECTED NET PROCEEDS OF APPROX. EUR 14.5 MILLION
TO FUND
WORKING CAPITAL REQUIREMENTS, DEVELOPMENT PROJECTS, EXPANSION OF
INTERNATIONAL SALES AND SERVICE NETWORK AND FOR GENERAL
CORPORATE PURPOSES
    * SHAREHOLDERS WHO DO NOT EXERCISE THEIR RIGHT TO SUBSCRIBE
FOR
FIRST TRANCHE WILL NOT BE ELIGIBLE TO RECEIVE SUBSCRIPTION RIGHT
WITH RESPECT TO ADDITIONAL CONVERTIBLE BONDS

Source text for Eikon:  ID:nEQLBDsHa 
Further company coverage:  AM3D.DE 

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