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elumeo SE: Executive Board resolves to issue a convertible bond 2023/28 with a total volume of up to EUR 1.2 million

EQS-News: elumeo SE / Key word(s): Bond/Bond elumeo SE: Executive Board resolves to issue a convertible bond 2023/28 with a total volume of up to EUR 1.2 million 14.12.2023 / 21:36 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

elumeo SE: Executive Board resolves to issue a convertible bond 2023/28 with a total volume of up to EUR 1.2 million

• Term: 5 years (2023/2028)
• Coupon: 3.8%
• Conversion price: EUR 4.50
• Issue volume: up to EUR 1.2 million
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Berlin, 14 December 2023 - The Executive Board of elumeo SE (ISIN DE000A11Q059), the leading electronic retailer of gemstone jewelry in Europe, has resolved to issue a convertible bond 2023/28 with a term of five years and an interest rate of 3.8% in a total volume of up to EUR 1.2 million. The bond will be issued excluding the subscription rights of existing shareholders to selected individual suppliers of the company, each of whom will acquire at least EUR 100,000 per investor. If the share price of elumeo SE is above EUR 4.50 in November 2028, the bond will be converted into elumeo shares; if the share price is below this level, repayment will be made in cash.

By issuing the bond, elumeo will optimize its balance sheet structure by converting short-term debt into long-term debt. Florian Spatz, Chief Executive Officer of elumeo SE: "Our partners have reacted very positively to the progress of our '#Juwelo100' performance program in recent months. We are therefore all the more pleased that they will also actively support us in achieving our ambitious growth targets by subscribing to the convertible bond."

Meanwhile, #Juwelo100, the program implemented in Q2/2023 to increase operating performance with the sales target of EUR 100 million in the core business by 2030, continues to be driven forward intensively. For example, the beta version of the virtual AI shopping assistant JUWELIA was launched in December, providing customers with individual advice and helping them to find the right piece of jewelry for them. In addition, preparations are currently underway to launch international video shopping shows that are automatically translated by AI. Spatz: "Our progress in the field of AI is immense. We are now able to translate our video shopping content to a high standard and quality via AI and also adapt the lip movements of the presenters to the respective language. This opens up huge potential for us to scale our video shopping content internationally at low cost. We are currently preparing talks with reach providers in France, the Netherlands and Spain."