EQS-Adhoc 105 0 Kommentare aap proposes to the bondholders of the mandatory convertible bond 2023/2028 an amendment to the bond terms and conditions to enable the bondholders to exercise their conversion rights earlier

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aap Implantate AG proposes amendment to bond terms for early conversion rights.
Bondholders can vote on the amendment without a meeting from March 26-28.
Company develops, produces, and markets medical products for traumatology globally.

EQS-Ad-hoc: aap Implantate AG / Key word(s): Bond
aap proposes to the bondholders of the mandatory convertible bond 2023/2028 an amendment to the bond terms and conditions to enable the bondholders to exercise their conversion rights earlier

05-March-2024 / 12:18 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

aap Implantate AG ("aap" or "Company") proposes to the creditors of the mandatory convertible bond 2023/2028 (ISIN: DE000A351ZH9 / WKN: A351ZH) traded on the open market of the Frankfurt Stock Exchange to resolve on an amendment to the terms and conditions of the bond by way of a vote without a meeting of bondholders. The amendment to the terms and conditions of the bond is intended to enable bondholders to exercise their conversion rights without further waiting.

The bond terms and conditions currently stipulate that bondholders can only exercise their conversion right (i.e. the optional conversion) from October 17, 2024. This deadline is to be eliminated without replacement by the amendments to the bond terms and conditions. In order to grant the bondholders the opportunity to elect conversion as early as possible, a period of fourteen days before May 31, 2024 for the first exercise of the conversion right is also to be provided for in the bond terms and conditions .

Bondholders may cast their votes in accordance with the formalities set out in the invitation to vote without a meeting in the period from Tuesday, March 26, 2024, to Thursday, March 28. The corresponding invitation to vote without a meeting is expected to be published on March 8, 2024 in the Federal Gazette and on the company's website under "Investors/Convertible Bond" (aap.de/investors/convertible-bond).

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aap Implantate AG share (ISIN DE0005066609) - General Standard/Regulated Market - All German stock exchanges -

Mandatory convertible bond 2023/2028 of aap Implantate AG (ISIN DE0005066609) - Regulated Unofficial Market

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