Brief: Schaltbau Offers Shareholders To Subscribe To Mandatory Convertible Bond

Schaltbau Holding AG

31/03/2021 08:10

March 31 (Reuters) - SCHALTBAU HOLDING AG  SLTG.DE :
    * SUBSCRIPTION PERIOD FOR MANDATORY CONVERTIBLE BOND BEGINS
ON 1
APRIL 2021
    * SIGNIFICANT PROPORTION OF EXPECTED NET ISSUE PROCEEDS OF
APPROXIMATELY EUR 57.4 MILLION WILL SUPPORT STRATEGIC EXPANSION
INTO NEW MARKETS
    * IS OFFERING ITS SHAREHOLDERS OPPORTUNITY TO SUBSCRIBE TO
MANDATORY CONVERTIBLE BOND 2021/2022 WITH A TOTAL VOLUME OF EUR
60 MILLION FROM 1 TO 16 APRIL 2021, 12 NOON (CEST)
    * MANDATORY CONVERTIBLE BOND 2021/2022 BEARING INTEREST AT
0.5%
P.A. EUR 60 MILLION TOTAL VOLUME
    * IN TOTAL, 60,000 BONDS OF EUR 1,000 EACH ARE BEING
OFFERED,
WHICH WILL BE CONVERTIBLE INTO A TOTAL OF UP TO 2,068,965
SCHALTBAU HOLDING AG SHARES AT AN INITIAL CONVERSION PRICE OF
EUR 29.00 PER SHARE
    * CONVERSION WILL GENERALLY BE POSSIBLE AT ANY TIME AFTER
ISSUANCE
OF MANDATORY CONVERTIBLE BONDS, HOWEVER, FOR BONDS WITH A VOLUME
OF LESS THAN EUR 100,000 ONLY ON A QUARTERLY BASIS, FOR FIRST
TIME ON 12 MAY 2021

Source text for Eikon:  ID:nEQ4Fym7va 
Further company coverage:  SLTG.DE 

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