checkAd

DGAP-News Schaltbau Holding AG: Mandatory Convertible Bond for EUR 60 million fully placed as planned

Nachrichtenquelle: EQS Group AG
23.04.2021, 11:12  |  130   |   |   

DGAP-News: Schaltbau Holding AG / Key word(s): Financing
Schaltbau Holding AG: Mandatory Convertible Bond for EUR 60 million fully placed as planned

23.04.2021 / 11:12
The issuer is solely responsible for the content of this announcement.


Schaltbau Holding AG: Mandatory Convertible Bond for EUR 60 million fully placed as planned

NOT FOR PUBLICATION, DISTRIBUTION OR RETRANSMISSION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION WOULD BE UNLAWFUL

Strong interest from existing shareholders: two thirds of issue volume placed via exercising of subscription rights, only one third via pre-placement agreement
Listing on Open Market (Freiverkehr) of Frankfurt Stock Exchange expected on 26 April 2021
Significant proportion of net issue proceeds of approximately EUR 57.4 million will support strategic expansion into new markets such as New Energy, New Industry and E-Mobility with construction of "NExT Factory"
 

Munich, 23 April 2021 - Schaltbau Holding AG (ISIN: DE000A2NBTL2) has fully placed the Mandatory Convertible Bond 2021/2022 (ISIN: DE000A3E5FV1) as planned. During the subscription period, which ended on 16 April 2021, existing shareholders exercised subscription rights for a total of 40,209 bonds with a value of EUR 1,000 each. The remaining 19,791 bonds were issued to various core investors in accordance with the distribution formula of the pre-placement agreement entered into on 1 March 2021. The majority (approx. 50-60%) of the net issue proceeds of around EUR 57.4 million will be used to finance the construction of the new production facility in Velden (the "NExT Factory"). With this move, Schaltbau intends to drive its strategic expansion into new markets such as New Energy, New Industry and E-Mobility.

Seite 1 von 4
Schaltbau Holding Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



Schreibe Deinen Kommentar

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

 

Disclaimer

DGAP-News Schaltbau Holding AG: Mandatory Convertible Bond for EUR 60 million fully placed as planned DGAP-News: Schaltbau Holding AG / Key word(s): Financing Schaltbau Holding AG: Mandatory Convertible Bond for EUR 60 million fully placed as planned 23.04.2021 / 11:12 The issuer is solely responsible for the content of this announcement. …

Community

Nachrichten des Autors

Titel
Titel
Titel
Titel