Brief: Schaltbau Holding Says Mandatory Convertible Bond For EUR 60 Million Fully Placed

Schaltbau Holding AG

23/04/2021 10:14

April 23 (Reuters) - Schaltbau Holding AG  SLTG.DE :
    * SCHALTBAU HOLDING AG: MANDATORY CONVERTIBLE BOND FOR EUR
60
MILLION FULLY PLACED AS PLANNED
    * EXISTING SHAREHOLDERS EXERCISED SUBSCRIPTION RIGHTS FOR A
TOTAL
OF 40,209 BONDS WITH A VALUE OF EUR 1,000 EACH
    * MAJORITY (APPROX. 50-60%) OF NET ISSUE PROCEEDS OF AROUND
EUR
57.4 MILLION WILL BE USED TO FINANCE CONSTRUCTION OF NEW
PRODUCTION FACILITY IN VELDEN

Source text for Eikon:  ID:nEQ22571Na 
Further company coverage:  SLTG.DE 

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