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
[email protected]
22-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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