DGAP-Ad-hoc: Fyber N.V. / Key word(s): Financing/Bond
Fyber N.V.: Planned convertible bond restructuring and new financing
07-Dec-2018 / 10:54 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.
Fyber N.V. ("Fyber" or the "Company", FSE:FBEN) announces today, that it has
entered into further financing agreements with Sapinda Holding B.V.
("Sapinda") in an amount of EUR6 million. This equips the Company with
sufficient liquidity to serve the upcoming January 2019 coupon payment on
its 3.00% 7/2020 convertible bonds (ISIN XS1223161651, the "Bond") as well
as to support part of the operative growth as per its guidance for the full
year 2019.
As announced on 6 September 2018, in relation to the effort to improve the
capital structure, the Company considered to offer to bondholders the
opportunity to acquire new shares of the Company against payment of their
Bonds (the "Swap"). This option is now materializing, and the Company plans
to invite to an extraordinary shareholder meeting to, inter alia, present
the Swap, the rate of exchange between Bonds and shares, and the creation of
the necessary new shares for approval.
Sapinda has committed to support such Swap and to assure the contribution of
bonds in the amount of at least EUR70 million into such Swap. The support by
Sapinda for the Swap and the loan are conditioned upon the agreement on a
rate of exchange between Bonds and shares with Sapinda and an external
expert validating such rate of exchange.
Further details regarding the Swap, especially the rate of exchange between
the Bonds and shares will be disclosed separately once determined.
*Notifying person:*
Yaron Zaltsman, CFO
*Investor Contact:*
Sabrina Kassmannhuber
ir@fyber.com
+49 30 609 855 555
07-Dec-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
755265 07-Dec-2018 CET/CEST
(END) Dow Jones Newswires
December 07, 2018 04:54 ET (09:54 GMT)
