DGAP-Adhoc: SPORTTOTAL AG resolves to issue a convertible bond

2021. október 22., péntek, 19:18





DGAP-Ad-hoc: SPORTTOTAL AG / Key word(s): Issue of Debt


SPORTTOTAL AG resolves to issue a convertible bond


22-Oct-2021 / 19:18 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Disclosure of insider information pursuant to Article 17 MAR

SPORTTOTAL AG, ISIN: DE000A1EMG56 / WKN: A1EMG5


SPORTTOTAL AG resolves to issue a convertible bond



Cologne, 22 October 2021. The Management Board of SPORTTOTAL AG (the "Company") has today resolved, with the approval of the Supervisory Board, to issue a convertible bond from contingent capital.



The Management Board and the Supervisory Board of SPORTTOTAL AG have today resolved to issue a convertible bond of up to EUR 6,973,000.00 with a term to maturity of five years and an interest rate of 8.5 % p.a. ("Convertible Bond"). The Convertible Bond is divided up into up to 6,973 partial debentures, each of which confer entitlement to subscribe to 1,000 new shares in the Company after expiration of a waiting period. Shareholders" subscription rights were excluded by way of resolution passed by the Annual General Meeting of 26 May 2021. The partial debentures will be offered to qualified institutional investors for purchase in the context of a private placement. The Convertible Bond is expected to be subscribed in several tranches, with 1,000 partial debentures being subscribed in the first tranche.



SPORTTOTAL AG

Am Coloneum 2

50829 Cologne

Germany
www.sporttotal.com

Tel.: +49 (0)221_7 88 77_ 0

Fax: +49 (0)221_7 88 77_ 199
investorrelations@sporttotal.com

 






 








22-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



























Language: English
Company: SPORTTOTAL AG

Am Coloneum 2

50829 Köln

Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@sporttotal.com
Internet: www.sporttotal.com
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1242997





 
End of Announcement DGAP News Service




1242997  22-Oct-2021 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=1242997&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.