DGAP-News

Global Fashion Group S.A.: successfully places EUR 375 million Convertible Bonds due 2028 - Seite 2

Concurrent Offer of Existing Shares by Financial Institutions

The Global Coordinators have concurrently placed approximately 4.2 million existing common shares of GFG (the "Concurrent Offer of Existing Shares") on behalf of buyers of the Convertible Bonds who wished to sell such shares in short sales to hedge the market risk of their investment in the Convertible Bonds at a clearing price of EUR 12.60. The Company will not receive any proceeds from the Concurrent Offer of Existing Shares.

Use of Proceeds

The Company receives gross proceeds of EUR 375 million from the issue of the Convertible Bonds which are intended to be used to support the Company's continued growth strategy, for general corporate purposes and to pursue strategic opportunities that may arise.

As part of the transactions, the Company has agreed to a lock-up period of 90 days, subject to customary exceptions.

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Media contact:
Press / Communications
Christina Song, Strategy Director
[e-mail]

Investor Relations
Adam Kay, Investor Relations Director
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IMPORTANT NOTICE
This announcement may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Australia, South Africa, Japan or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of the Company or of any of its subsidiaries in the United States of America, Luxembourg, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, an offer in any jurisdiction. The securities offered will not be and have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act.