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MarketScreener Homepage  >  Equities  >  Xetra  >  Ferratum Oyj    FRU   FI4000106299

FERRATUM OYJ

(FRU)
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Ferratum Oyj : Group – Approval of written procedure and amendment to the terms and conditions of the bonds

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10/15/2019 | 02:00pm EST

Helsinki, 15 October 2019Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (“Ferratum” or the “Group”) announces the successful completion of the written procedure that was initiated 24 September 2019 in relation to Ferratum Capital Germany GmbH (the “Issuer”) outstanding up to EUR 150,000,000 senior unsecured bond loan 2018/2022 with ISIN SE0011167972 (the "Bonds"), regarding an amendment to the net debt to equity maintenance test in the terms and conditions of the Bonds (the "Proposal").

A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favor to approve the Proposal.

The Group will pay a consent fee of 0.75% to all holders of the Bonds. The record date for the consent fee is 22 October 2019. The consent fee is expected to be paid on 29 October 2019 through Euroclear Sweden’s account based system.

The amendments shall be effective as per 15 October 2019.

Pareto Securities AB has been retained as financial advisor in connection with the written procedure.

About Ferratum Group:

Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded rapidly to operate in 23 countries across Europe, Africa, South and North America, Australia and Asia.

As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution. Ferratum's mobile bank, launched in 2016, is an innovative mobile banking platform offering a range of banking services, including real time digital payments and transfers, within a single app. It is currently available in four European markets. Ferratum has approximately 784,000 active customers that have an open Mobile Bank account or an active loan balance in the last 12 months (as at 30 June 2019).

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.' For more information, visit www.ferratumgroup.com.

For further information, please contact:

Ferratum Investor Relations

ir@ferratum.com

https://www.ferratumgroup.com/investors/ir-contact

© OMX, source OMX

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Financials (EUR)
Sales 2019 294 M
EBIT 2019 44,9 M
Net income 2019 24,4 M
Debt 2019 82,8 M
Yield 2019 2,07%
P/E ratio 2019 11,8x
P/E ratio 2020 9,10x
EV / Sales2019 1,26x
EV / Sales2020 1,48x
Capitalization 287 M
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Mean consensus BUY
Number of Analysts 5
Average target price 17,48  €
Last Close Price 13,32  €
Spread / Highest target 83,9%
Spread / Average Target 31,2%
Spread / Lowest Target -10,7%
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NameTitle
Jorma Olavi Jokela Chief Executive Officer & Executive Director
Erkki Juhani Vanhala Chairman
Ari Tiukkanen Chief Operations Officer
Bernd Egger Chief Financial Officer
Lea Liigus Executive Director, Head-Legal & Compliance
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