17.07.2018
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DGAP-Adhoc: SLEEPZ AG plans to issue convertible bonds
DGAP-Ad-hoc: SLEEPZ AG / Key word(s): Bond
SLEEPZ AG plans to issue convertible bonds
17-Jul-2018 / 12:30 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.
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Berlin, 17 July 2018 - Based on the resolution of the Annual General Meeting
on 27 June 2014, the Executive Board and the Supervisory Board today agreed
in principle to issue convertible bonds with a total volume of up to EUR 5m
with a term of 36 months. The conditions of the convertible bonds are
determined promptly by the Executive Board in accordance with the
Supervisory Board and reported to the shareholders.
The proceeds from the placement of the convertible bonds are to be used
primarily for the implementation of further acquisitions and for financing
the operating business. SLEEPZ AG is currently in the due diligence phase
with two potential acquisition candidates. For these potential acquisitions,
some of which are expected to be against issuance of shares as contributions
in kind, additional financing for growth is absolutely necessary.
The intention is to issue the convertible bonds in August and to implement
the acquisitions - if they come into effect - by September 2018 at the
latest.
notifying person: Oliver Borrmann, Vorstand, +49-30-203050, [email protected]
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17-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: SLEEPZ AG
Schlüterstraße 38
10629 Berlin
Germany
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-555
E-mail: [email protected]
Internet: www.sleepz.com
ISIN: DE000A2E3772, DE000A2E4L59
WKN: A2E377, A2E4L5
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg,
Stuttgart, Tradegate Exchange; Warschau
End of Announcement DGAP News Service
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705241 17-Jul-2018 CET/CEST
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E-Commerce , A2E377 , BTBB , XETR:BTBB