SLEEPZ AG
SLEEPZ AG plans to issue convertible bonds
SLEEPZ AG / Key word(s): Bond
Berlin, 17 July 2018 – Based on the resolution of the Annual General Meeting on 27 June 2014, the Executive Board and the Supervisory Board today agreed in principle to issue convertible bonds with a total volume of up to EUR 5m with a term of 36 months. The conditions of the convertible bonds are determined promptly by the Executive Board in accordance with the Supervisory Board and reported to the shareholders.
The proceeds from the placement of the convertible bonds are to be used primarily for the implementation of further acquisitions and for financing the operating business. SLEEPZ AG is currently in the due diligence phase with two potential acquisition candidates. For these potential acquisitions, some of which are expected to be against issuance of shares as contributions in kind, additional financing for growth is absolutely necessary. The intention is to issue the convertible bonds in August and to implement the acquisitions – if they come into effect – by September 2018 at the latest. notifying person: Oliver Borrmann, Vorstand, +49-30-203050, ob@sleepz.com
17-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | SLEEPZ AG |
Schlüterstraße 38 | |
10629 Berlin | |
Germany | |
Phone: | +49 (0)30 20 305-0 |
Fax: | +49 (0)30 20 305-555 |
E-mail: | ir@sleepz.com |
Internet: | www.sleepz.com |
ISIN: | DE000A2E3772, DE000A2E4L59 |
WKN: | A2E377, A2E4L5 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Warschau |
End of Announcement | DGAP News Service |
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