EGS Beteiligungen AG exercises right to convert bond and increases its shareholding in Siegfried to 7.2% registered shares

Siegfried AG / Key word(s): Miscellaneous EGS Beteiligungen AG exercises right to convert bond and increases its shareholding in Siegfried to 7.2% registered shares 04-Sep-2024 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. EGS Beteiligungen AG exercised its right to convert also the second of the two convertible bonds issued in December 2020 with a coupon of 1.15% and a nominal value of CHF 40m into shares of Siegfried Holding AG. EGS Beteiligungen AG will receive 48'054 shares and as a result will increase its stake in Siegfried from 6.2% to about 7.2% registered shares. The shares will be delivered from Siegfried's treasury shares without issuance of new shares.  As announced in December 2020, EGS Beteiligungen AG participated in the financing of Siegfried's acquisition of two pharmaceutical production sites in Spain through two hybrid convertible bonds issued by Siegfried. These bonds granted EGS Beteiligungen AG the right to convert the bonds into shares of Siegfried Holding AG when certain conditions are met. Siegfried's CEO Marcel Imwinkelried: "The increase in the shareholding of EGS Beteiligungen AG through this conversion reflects the confidence of our largest shareholder in our business model and strategy."

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