DGAP-Ad-hoc: MOLOGEN AG / Key word(s): Bond
MOLOGEN AG - Amendment Rights Offering of a Convertible Bond: Reducing of the Conversion Price
27-Dec-2018 / 10:54 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.
Publication of an inside information pursuant to Section 17 of the regulation (EU) No. 596/2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
MOLOGEN AG - Amendment Rights Offering of a Convertible Bond: Reducing of the Conversion Price
Berlin, 27 December 2018 - MOLOGEN AG (ISIN DE000A2LQ900, SIN A2L Q90) (the "Company") today decided on the amendment of the rights offering of a new convertible bond 2019/2027, announced via ad hoc notification on 19 December 2018 and published in the German Federal Gazette (Bundesanzeiger) on 21 December 2018 to reduce the initial conversion price and to adjust the convertible bonds aggregate face value accordingly.
Specifically, the Executive Board of the Company today resolved, with the approval of the Supervisory Board and with regards to the recent trend of the share price, to reduce the initial conversion price of the convertible bond 2019/2027 from initially intended EUR 2.467 to now 2.0805 in order to create an additional incentive for subscription. As a result of the amendment the aggregate face value and the expected issue proceeds will decrease from initially up to EUR 3,210,400.00 to now up to 2,707,050.00. The subscription ratio will by adjusted accordingly. Apart from that, the terms of the issuance remain essentially the same. The amended rights' offering is expected to be published in the Federal Gazette on 31. December 2018. Pursuant to legal regulations, the Company will still not prepare and publish a prospectus pertaining to the public offering of the convertible bond 2019/2027.
Important note:
This announcement is not an offer of securities for sale in the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to in this press release have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of the securities in the United States of America. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
Information and Explanation of the Issuer to this News:
Contact
Claudia Nickolaus
Head of Investor Relations & Corporate Communications
Tel: +49 - 30 - 84 17 88 - 38
Fax: +49 - 30 - 84 17 88 - 50
investor@mologen.com
Note about risk for future predictions
Certain information in this report contains forward-looking statements or the corresponding statements with negation or versions deviating from this or comparable terminology. These are described as forward-looking statements. In addition, all of the information given here that refers to planned or future results of business areas, key financial figures, developments of the financial situation or other financial figures or statistical data, is to be understood as such forward-looking statements. The company points out to investors that they should not rely on these forward-looking statements as predictions about actual future events. The company is not obligated and refuses to accept any liability for the forward-looking statements and has no obligation to update such statements in order to accurately reflect the current situation.
27-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
|
MOLOGEN AG 
