CONSUS Real Estate AG: Holders of the EUR 200,000,000 4.00% bonds due 2022 unanimously resolve to adopt the proposed amendments to the terms and conditions to align with standard market conversion process.
The current terms and conditions provide that the bondholders in connection with a conversion request may offer Bonds held by them to the Company as a contribution in kind, upon which the Company decides whether to accept the offer, to implement a capital increase from authorized capital and deliver shares of the Company or pay a cash amount.
With the amendment of the terms and conditions, the conversion mechanism is revised to align with the standard market conversion process. Specifically, conditional capital will serve as underlying the Bonds in the future. Otherwise, the economic terms of the Bonds (in particular the nominal amount, term, coupon, conditions for conversions incl. cash settlement) will remain unchanged.
The amendments of the terms and conditions will be implemented as soon as possible.
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