AI Terminal
Northern Data AG
Capital/Financing Update • Nov 15, 2019
5436_rns_2019-11-15_74bcd59d-73e6-4b87-8aa3-b89d2631b741.html
Capital/Financing Update
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 15 November 2019 17:29
NORTHERN BITCOIN ISSUES CONVERTIBLE BOND
Northern Bitcoin AG / Key word(s): Corporate Action
NORTHERN BITCOIN ISSUES CONVERTIBLE BOND
15-Nov-2019 / 17:29 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.
AD HOC RELEASE
**NORTHERN BITCOIN ISSUES CONVERTIBLE BOND
Frankfurt on the Main, November 15, 2019.** Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) has resolved to issue a convertible bond with subscription rights for shareholders. The Company has already received confirmation from major international strategic investors in the blockchain sector for EUR 10,000,000; the total volume amounts to up to EUR 20,000,000. The interest rate stands at 5 percent per year. The convertible bond will have a term of five years. The conversion price is EUR 8.00 per share and the Company is entitled to pay a cash sum of EUR 21.00 (“cap”) instead of delivering the shares. The Company intends to publish a subscription offer after the preparation and approval of the required securities prospectus. This is expected in the course of the first quarter of 2020.
Press contact:
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Mail: [email protected]
Phone: +49 69 348 752 89
Investor Relations:
Sven Pauly
Mail: [email protected]
Phone: +49 89 125 09 03 31
15-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Northern Bitcoin AG |
| Thurn-und-Taxis-Platz 6 | |
| 60313 Frankfurt/Main | |
| Germany | |
| Phone: | +49 69 34 87 52 25 |
| E-mail: | [email protected] |
| Internet: | www.northernbitcoin.com |
| ISIN: | DE000A0SMU87 |
| WKN: | A0SMU8 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange |
| EQS News ID: | 914633 |
| End of Announcement | DGAP News Service |