SPORTTOTAL AG approves convertible bond issue

Cologne, 20 May 2020. The Management Board of SPORTTOTAL AG (the 'Company'), with the approval of the Supervisory Board, has today passed a resolution to issue a convertible bond from conditional capital, under exclusion of shareholders' subscription rights.

The Management Board and Supervisory Board of SPORTTOTAL AG have today passed a resolution to issue a convertible bond of up to EUR 3,094,000.00 with a five -year maturity and an interest rate of 8.5% p.a. ('Convertible Bond'). The Convertible Bond is divided into up to 3,094 fractional bonds, each of which entitles the holder to subscribe to 1,000 new shares in the Company after a waiting period.

The bonds will be offered to qualified institutional investors by way of a private Placement.

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SPORTTOTAL AG published this content on 21 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2021 15:54:03 UTC.