28.03.2019 SLEEPZ AG  DE000A2E3772

DGAP-Adhoc: SLEEPZ AG: Strategic investor signs options contract for SLEEPZ shares and grants SLEEPZ group transitional funding, loan waivers declared by creditors, unscheduled depreciations, notice of a loss equal to one half of the share capital


 

DGAP-Ad-hoc: SLEEPZ AG / Key word(s): Restructure of Company/Miscellaneous
SLEEPZ AG: Strategic investor signs options contract for SLEEPZ shares and grants SLEEPZ group transitional funding, loan waivers declared by creditors, unscheduled depreciations, notice of a loss equal to one half of the share capital

28-March-2019 / 22:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014

Berlin, 28th March 2019 - Main shareholders of SLEEPZ AG have informed the company that they have signed options contracts for SLEEPZ shares with a strategic investor, WAOW Entrepreneurship GmbH ("WAOW"). These options contracts grant WAOW the right to purchase overall up to 6.767.348 shares in SLEEPZ AG from these shareholders.

In addition, in the event that the options will be exercised, those among the selling shareholders who had granted the company loans or singed convertible loans in the convertible bond 2018/2021 issued by the company, have declared a waiver of claims on the repayment receivable from loans or convertible bonds, subject to the issuing of a debtor warrant.

In total - with these measures being implemented - SLEEPZ AG would hereby be released from EUR 5,500,000 in debt.

The aforementioned measures are subject to various contingent conditions, in particular to the provision of an exemption of WAOW from the bid obligation on the basis of the restructuring privilege pursuant to §37 of the German Securities Acquisition and Takeover Act (Wertpapierübernahmegesetz or "WpÜG") in connection with §9 section 1 number 3 WpÜG Offer Regulation (WpÜG-Angebotsverordnung), by BaFin, on the basis of a corresponding restructuring opinion.

During a transition period, WAOW will provide individual companies of SLEEPZ Group with the financing of current operating assets.

In the context of the negotiations with WAOW Group GmbH, the Management Board has decided today that sleepz Home GmbH, which SLEEPZ AG holds 92.03% of, and which is making losses, will not be continued in its current form. A buyer for this company is currently being sought. The book value of the participation in sleepz Home GmbH as well as the loans granted to sleepz Home GmbH will be written off retrospectively to 100% on the 31st December 2018, in the individual financial statement 2018 of SLEEPZ AG as well as in the group financial statement.

The unscheduled depreciations have an additional negative impact of about EUR2.2m on the group earnings for the financial year 2018.

In addition, the Management Board of SLEEPZ AG informs that, given these unscheduled depreciations amounting to EUR 14.177.251,27 on the individual balance sheet of SLEEPZ AG pursuant to the German Commercial Code (HGB), a loss of more than one half of the share capital of SLEEPZ AG has occurred.

Pursuant to §92, section 1 of the German Stock Corporation Act (AktG), the loss of one half of the share capital triggers the legal obligation to immediately invite the shareholders to a shareholder meeting. In this shareholder meeting, the Management Board shall disclose the loss of one half of the share capital, discuss the situation of the company and propose further measures to the shareholders. An invitation including the agenda shall be made public in due time and form.

Disclosing person:
Alexander von Tschirnhaus, Member of the Management Board, Phone: +49-30-346461597, [email protected]


28-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: SLEEPZ AG
Gipsstraße 10
10119 Berlin
Germany
Phone: +49 (0)30 346 461 597
Fax: +49 (0)30 346 461 580
E-mail: [email protected]
Internet: www.sleepz.com
ISIN: DE000A2E3772, DE000A2E4L59 (Aktie/share); DE000A2LQSV5 (Anleihe/bond)A2LQSV,
WKN: A2E377, A2E4L5(Aktie/share); A2LQSV(Anleihe/bond)
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Warschau
EQS News ID: 793297

 
End of Announcement DGAP News Service

793297  28-March-2019 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
KBV KCV KUV EV/EBITDA
0,00 0,00 0,00 0,00
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
    
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