DGAP-Adhoc: NORTHERN BITCOIN ISSUES CONVERTIBLE BOND
DGAP-Ad-hoc: 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: h.duerr@northernbitcoin.com
Phone: +49 69 348 752 89
Investor Relations:
Sven Pauly
Mail: ir@northernbitcoin.com
Phone: +49 89 125 09 03 31
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