Global Fashion Group S.A.: GLOBAL FASHION GROUP S.A.: GFG AGREES TO REPURCHASE A PORTION OF ITS OUTSTANDING CONVERTIBLE BONDS DUE 2028 (ISIN: DE000A3KMT51)

EQS-Ad-hoc: Global Fashion Group S.A. / Key word(s): Bond/Agreement Global Fashion Group S.A.: GLOBAL FASHION GROUP S.A.: GFG AGREES TO REPURCHASE A PORTION OF ITS OUTSTANDING CONVERTIBLE BONDS DUE 2028 (ISIN: DE000A3KMT51) 11-Aug-2024 / 08:17 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. NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.

Disclosure of inside information according to Art. 17 Sec. 1 of the Regulation (EU) No. 596/2014 (Market Abuse Regulation – MAR)

GLOBAL FASHION GROUP S.A.: GFG AGREES TO REPURCHASE A PORTION OF ITS OUTSTANDING CONVERTIBLE BONDS DUE 2028

Luxembourg, 10 August 2024 – Global Fashion Group S.A. (the “Issuer” or “GFG”) announces that it has agreed today to repurchase EUR 110.0 million in aggregate principal amount of its outstanding convertible bonds due 2028 (ISIN: DE000A3KMT51) (the “Bonds”) from three institutional investors. 

The purchase price per EUR 100,000 nominal amount will be EUR 85,000 plus accrued interest. The repurchased Bonds may be cancelled by the Company or held and resold.

Following the settlement of the repurchase, an aggregate principal amount of EUR 319.3 million or 85% of the Bonds issued will have been repurchased and EUR 55.7 million will remain outstanding and not held by the Issuer. GFG remains open to considering other opportunities to repurchase its remaining outstanding Bonds.

Person making the notification: Louise Pender, General Counsel & Company Secretary

 

For inquiries, please contact:

Saori McKinnon

Head of Investor Relations & Communications

[e-mail]