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Ad hoc news News vom 06.12.2017

Incentive Offer of Meyer Burger Technology Ltd successfully concluded – Bondholders holding 71.2% of the outstanding principal amount of the CHF 100 million 5.5% convertible bonds due 2020 accepted voluntary Incentive Offer to convert their Bonds
 
Meyer Burger
 

Press Release

Thun, 06 December 2017

 

NOT FOR DIRECT OR INDIRECT RELEASE, PUBLICATION, CIRCULATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

 

Incentive Offer of Meyer Burger Technology Ltd successfully concluded – Bondholders holding 71.2% of the outstanding principal amount of the CHF 100 million 5.5% convertible bonds due 2020 accepted voluntary Incentive Offer to convert their Bonds

 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that holders of 71.2% of the outstanding principal amount of the CHF 100 million 5.5% convertible bonds due 2020 have accepted Meyer Burger’s incentive offer by the end of the acceptance period on 5 December 2017, 16:00 CET.  

 

From 27 November 2017 until 5 December 2017, 16:00 CET Bondholders have submitted conversion notices for a total nominal amount of CHF 71,215,000 and will receive 72,668,359 fully paid registered shares of Meyer Burger Technology Ltd at the conversion price of CHF 0.98, i.e. at a conversion ratio of 5,102.04082 shares per CHF 5,000 principal amount of bonds. The delivery of these shares and the payment of the cash amount of CHF 250 per CHF 5,000 principal amount of the bonds to bondholders who have accepted the incentive offer will occur on 11 December 2017.  

 

The terms of the remaining outstanding bonds will remain unchanged.

 

 

Contacts:         

Ingrid Carstensen

Corporate Communications

Phone: +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com

 

Daniel Eicher

c/o Tolxdorff & Eicher Consulting

Phone: +41 (0)33 221 28 83

daniel.eicher@meyerburger.com

 
 
 
Press Release