DGAP-Ad-hoc: Fyber N.V. / Key word(s): Bond/Miscellaneous
Fyber N.V.: Proposal for convertible bond restructuring
06-Nov-2018 / 18:08 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.
*Berlin, 6 November 2018 - *The lower than expected financial performance,
based largely on external market factors and partly on the slower broad
scale market adoption of new platform features among new and existing
clients and the pending technical integration of new advertising partners,
impacts the ability to serve the interest payments obligation for the 3.0
per cent July 2020 Convertible Bonds (WKN A1Z3XC, "Bonds").
Therefore, the Company intends to propose to the bondholders the following
changes to the terms and conditions of the Bonds to be resolved upon by an
extraordinary bondholder meeting:
- Amending the interest payment dates, as defined in the terms and
conditions of the Bonds, to reflect that after the interest payment on 27
July 2018 all further interest payments on the Convertible Bonds shall be
deferred and all interest accrued shall be paid out in whole on the final
redemption date of 27 July 2020; and
- in return for the deferred interest payment the annual interest rate shall
be increased from 3.00 per cent p.a. to 3.50 per cent p.a.
The extraordinary meeting for bondholders shall take place on Tuesday 4
December 2018 at 1:30 p.m. CET at the offices of Allen & Overy LLP,
Apollolaan 15, 1077 AB Amsterdam, the Netherlands.
The option to improve the capital structure of Fyber by offering to the
holders of the Bonds an opportunity to acquire new shares of the Company in
exchange for their Convertible Bonds, as disclosed by way of an ad-hoc
announcement dated 6 September 2018, remains available.
The complete notice to bondholders including details on the proposed
extraordinary resolution, can be found on the Company's website at:
http://investors.fyber.com/sharesbondholder-meetings [1]
*Notifying person:*
Yaron Zaltsman, CFO
*Investor Contact: *
Sabrina Kassmannhuber
ir@fyber.com
+49 30 609 855 555
06-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Fyber N.V.
Johannisstr. 20
10117 Berlin
Germany
Phone: +49 30 609 855 528
E-mail: governance@fyber.com
Internet: https://investors.fyber.com/
ISIN: NL0012377394
WKN: A2DUJD
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Tradegate Exchange
End of Announcement DGAP News Service
742209 06-Nov-2018 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f417382861e2879414947bf96557739a&application_id=742209&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 06, 2018 12:08 ET (17:08 GMT)
