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CANCOM SE — Capital/Financing Update 2014
Mar 20, 2014
71_rns_2014-03-20_d074a3f1-ed97-4f38-9157-a24568950d87.html
Capital/Financing Update
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Corporate | 20 March 2014 17:43
CANCOM SE successfully places EUR 45 million convertible bonds
CANCOM SE / Key word(s): Bond
20.03.2014 / 17:43
CANCOM SE successfully places EUR 45 million convertible bonds
* Total placement volume EUR 45 million
* Maturity 5 years until March 27, 2019
* Coupon of 0.875 %
Munich, Germany, March 20, 2014 – CANCOM SE announces the successful placement of convertible bonds (the “Bonds”) with a maturity until March 2019 and a total placement volume of EUR 45 million. The Bonds are convertible into approximately 1 million new, non-par bearer shares of CANCOM SE, excluding any pre-emptive rights of shareholders. The proceeds of the issue from the convertible bond offering serves for financing future growth both organic and through acquisitions.
“The great interest of investors shows that we are on the right track with our growth strategy and that we provide an interesting perspective for the capital market”, Klaus Weinmann, CEO of CANCOM SE comments on the placement.
The Bonds will be issued at 100 % and will carry a coupon of 0.875 % p.a. paid annualy. The initial conversion price amounts to EUR 42.6334 and thus includes a conversion premium of 20 % above the current share price.
The bonds were offered only to institutional investors outside the US, Canada, Australia and Japan within the framework of a private placement. The bonds are issued through CANCOM SE on March 27 2014 and are to be included to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.
Commerzbank AG und Joh. Berenberg, Gossler & Co. KG were acting as Joint Bookrunners in the transaction.
Contact:
Beate Rosenfeld
Manager Corporate Communication & IR
CANCOM SE
Erika-Mann-Straße 69
80636 München
Germany
Phone: +49 (0) 89 / 54054 5193
mail to: [email protected]
www.cancom.de
End of Corporate News
20.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | CANCOM SE |
| Erika-Mann-Straße 69 | |
| 80636 München | |
| Germany | |
| Phone: | +49-(0)89/54054-0 |
| Fax: | +49-(0)89/54054-5119 |
| E-mail: | [email protected] |
| Internet: | http://www.cancom.de |
| ISIN: | DE0005419105 |
| WKN: | 541910 |
| Indices: | TecDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 258780 20.03.2014 |