DGAP-Ad-hoc: Schaltbau Holding AG / Key word(s): Financing
Schaltbau Holding AG: Conclusion of a pre-placement agreement and intended subscription offer for mandatory convertible bonds
01-March-2021 / 19:42 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.
Schaltbau Holding AG: Conclusion of a pre-placement agreement and intended subscription offer for mandatory convertible bonds
Munich, 1 March 2021 - Today, Schaltbau Holding AG [ISIN DE000A2NBTL2] (hereinafter also "Schaltbau" or "Company") entered into a pre-placement agreement with the investors of the AiC-Group under the leadership of Luxempart, Active Ownership Group, Shareholder Value Management and Teslin Capital Management (manager of the Midlin and Gerlin funds). Under the terms of this agreement, the investors have undertaken to purchase all mandatory convertible bonds ("Mandatory Convertible Bonds"), which Schaltbau intends to issue in April 2021, in the volume of EUR 60 million to the extent they are not subscribed by the shareholders of the Company through exercise of their subscription rights (claw back) and provided that they comply with the terms and conditions as stipulated in the pre-placement agreement.