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ams Announces Exclusion of Subscription Rights in Relation to Potential Convertible Bond Placement
Press Wire ♦
Published: February 6, 2018; 07:27 ♦ (Vindobona)
ams announces that its Management Board has resolved today, subject to the consent of the Supervisory Board, to exclude subscription rights in view of a potential private placement of senior unsecured convertible bonds (the "Bonds").
ams Announces Exclusion of Subscription Rights in Relation to Potential Convertible Bond Placement / Picture: © Vindobona.org
The Bonds in an aggregate nominal amount of up to EUR 600 million and with a seven year maturity shall be convertible into new ordinary no par value bearer shares from the Company's conditional capital equal to up to 6.1% of the current issued and outstanding share capital. The timing and terms of the Bond placement, if any, will be determined subject to market conditions. The net…
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