09.07.2014
ESTAVIS AG DE000A0KFKB3
DGAP-News: ESTAVIS AG: Adjustment of the conversion price for the convertible bond (2012/2017) of Estavis AG, Berlin, over the amount of EUR 8,591,611.20 subject to an interest of 7.75% and maturing on 25 June 2017 (ISIN DE000A1PHDA3 / WKN A1P HDA)
DGAP-News: ESTAVIS AG / Key word(s): Bond/Miscellaneous
ESTAVIS AG: Adjustment of the conversion price for the convertible
bond (2012/2017) of Estavis AG, Berlin, over the amount of EUR
8,591,611.20 subject to an interest of 7.75% and maturing on 25 June
2017 (ISIN DE000A1PHDA3 / WKN A1P HDA)
09.07.2014 / 07:30
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As a result of the expiration of the acceptance period concerning the
voluntary offer (conversion offer) submitted to the shareholders of Estavis
AG by Adler Real Estate AG and in response to the resulting change of
control pursuant to the Terms and Conditions of the Bond (Art. 14), the
conversion price for the convertible bond (2012/2017) of Estavis AG,
Berlin, in the amount of EUR 8,591,611.20 with an interest rate of 7.75%
and maturing on 25 June 2017 had been adjusted pursuant to section 14 para.
1 letter (d) of the Terms and Conditions and equalled EUR 2.0861. The
conversion ratio equalled 1.1504 Estavis shares for each convertible bond
converted. Residual fractional shares were balanced pursuant to section 8
para. 2 of the Terms and Conditions. The creditors of convertible bond
2012/2017 (ISIN DE000A1PHDA3) had the right either to demand redemption of
their convertible bonds or to convert them at a reduced conversion price
pursuant to section 14 para. 1 letter (d) of the Terms and Conditions into
shares of Estavis until 08 July 2014 (effective date).
The effective date pursuant to section 14 para. 1 letter (a) (ii) of the
Terms and Conditions, and thus the final day for exercising the conversion
rights with a reduced conversion price pursuant to the provisions above,
was 08 July 2014.
The conversion price (the "Conversion Price") now equals EUR 2.40, subject
to a possible future adjustment.
Berlin, in July 2014
Estavis AG
The Management Board
Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-Mail: [email protected]
End of Corporate News
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09.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: [email protected]
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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277217 09.07.2014
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