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SPORTTOTAL AG approves convertible bond issue

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SPORTTOTAL AG / Key word(s): Bond
SPORTTOTAL AG approves convertible bond issue

20-May-2021 / 18:53 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.

SPORTTOTAL AG approves convertible bond issue

Cologne, 20 May 2020. The Management Board of SPORTTOTAL AG (the "Company"), with the approval of the Supervisory Board, has today passed a resolution to issue a convertible bond from conditional capital, under exclusion of shareholders' subscription rights.

The Management Board and Supervisory Board of SPORTTOTAL AG have today passed a resolution to issue a convertible bond of up to EUR 3,094,000.00 with a five -year maturity and an interest rate of 8.5% p.a. ("Convertible Bond"). The Convertible Bond is divided into up to 3,094 fractional bonds, each of which entitles the holder to subscribe to 1,000 new shares in the Company after a waiting period.

The bonds will be offered to qualified institutional investors by way of a private placement.


Contact:
Company:
SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
www.sporttotal.com
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: info@sporttotal.com

Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: weitzel@kommunikation-bsk.de

20-May-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:

1199097


 

End of Announcement

DGAP News Service

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