Bio-Gate AG (XTRA:BIG) announced a private placement of 431,000 bearer zero-coupon convertible bonds at €1 per bond for gross proceeds of €431,000 on August 27, 2012. The bonds will mature in three years. The non-interest-bearing convertible bonds will be converted into shares with 1:1 ratio. With non-conversion, a 100% repayment takes place by the end of the maturity period. The transaction was advised by VEM Aktienbank AG. The subscription rights for the existing shareholders were excluded in the transaction.

On August 27, 2012, Bio-Gate AG closed the transaction.