aap Implantate AG / Key word(s): Corporate Action aap places mandatory convertible bond 2023/2028 in the amount of EUR 2.5 million 04-Oct-2023 / 19:58 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. 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. ——————————————————- About aap Implantate AG Forward-looking statements Contact: End of Inside Information 04-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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