checkAd

DGAP-Adhoc Global Fashion Group S.A.: launches an offering of approx. EUR 375 million Convertible Bonds due 2028

Nachrichtenquelle: EQS Group AG
03.03.2021, 17:46  |  262   |   |   

DGAP-Ad-hoc: Global Fashion Group S.A. / Key word(s): Financing
Global Fashion Group S.A.: launches an offering of approx. EUR 375 million Convertible Bonds due 2028

03-March-2021 / 17:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


NOT FOR DIRECT OR INDIRECT PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAWS.

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No. 596/2014

Global Fashion Group S.A. launches an offering of approx. EUR 375 million Convertible Bonds due 2028

Luxembourg, 3 March 2021 - Global Fashion Group S.A. ("GFG" or the "Company", ISIN: LU2010095458, Frankfurt Stock Exchange: GFG), the leading online fashion and lifestyle destination in growth markets, launches an offering of senior, unsecured bonds convertible as per their terms and conditions (the "Convertible Bonds") in an aggregate principal amount of approximately EUR 375 million.

The management board of GFG, with the consent of the Company's supervisory board, resolved today to launch an offering of Convertible Bonds, which will be issued at 100% of their principal amount with a denomination of EUR 100,000 each and will be redeemed at their principal amount on 15 March 2028, unless previously converted, redeemed or repurchased and cancelled.

The Convertible Bonds will be offered with a coupon between 0.50% and 1.25% payable semi-annually in arrears, and a conversion premium of 40% to 45% above the reference price, being the clearing price in the Concurrent Offer of Existing Shares (as described below). The Convertible Bonds will be convertible into new/and or existing (at the discretion of the Company) no-par value common shares in dematerialized form of GFG (the "Shares").

Seite 1 von 6
Global Fashion Group Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



Diesen Artikel teilen



0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

DGAP-Adhoc Global Fashion Group S.A.: launches an offering of approx. EUR 375 million Convertible Bonds due 2028 DGAP-Ad-hoc: Global Fashion Group S.A. / Key word(s): Financing Global Fashion Group S.A.: launches an offering of approx. EUR 375 million Convertible Bonds due 2028 03-March-2021 / 17:46 CET/CEST Disclosure of an inside information acc. to …

Community

Nachrichten des Autors

Titel
Titel
Titel
Titel