04.10.2023 19:58:01
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EQS-Adhoc: aap places mandatory convertible bond 2023/2028 in the amount of EUR 2.5 million
EQS-Ad-hoc: aap Implantate AG / Key word(s): Corporate Action aap Implantate AG ("aap" or the "Company") today completed the placement of the mandatory convertible bond 2023/2028, which the Company's Management Board resolved to issue with the approval of the Supervisory Board on September 8, 2023. The issue met with a positive response from shareholders and new investors of aap in a capital market environment that remains challenging. A total of 2,427,837 bonds with a total nominal value of EUR 2,500,672.56 were placed as part of the public offering and the private placement. The mandatory convertible bond 2023/2028 has thus been subscribed to the extent of around 92 % of the bonds offered. The mandatory convertible bond 2023/2028 carries an interest rate of 6 % per annum for a term of five years. The bond is a key component of the refinancing process currently being implemented by aap. The proceeds will be used to secure the company's financing and will be accompanied by restructuring measures to make the operational trauma business profitable. The measures are to be implemented by the end of the year. Trading of the mandatory convertible bond 2023/2028 (ISIN: DE000A351ZH9 / WKN: A351ZH) on the Regulated Unofficial Market (Freiverkehr) of the Frankfurt Stock Exchange is expected to commence at the beginning of the term of the mandatory convertible bond on October 6, 2023. The transaction was accompanied by BankM AG, Frankfurt am Main. ------------------------------------------------------- aap Implantate AG (ISIN DE0005066609) - General Standard/Regulated Market - All German Stock Exchanges -
About aap Implantate AG
Forward-looking statements End of Inside Information
04-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | aap Implantate AG |
Lorenzweg 5 | |
12099 Berlin | |
Germany | |
Phone: | +49 (0) 30 75 01 90 |
Fax: | +49 (0) 30 75 01 91 11 |
E-mail: | info@aap.de |
Internet: | www.aap.de |
ISIN: | DE000A3H2101 |
WKN: | A3H210 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1741673 |
End of Announcement | EQS News Service |
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1741673 04-Oct-2023 CET/CEST
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