DGAP-Ad-hoc: Fyber N.V. / Key word(s): Bond/Miscellaneous
Fyber N.V.: Exchange rate for intended debt-to-equity swap
20-Dec-2018 / 18:52 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.
Today Fyber N.V. ("Fyber" or the "Company") has determined the exchange rate
for the intended debt-to-equity swap regarding its 7/2020 convertible bonds
(ISIN XS1223161651, the "Bonds").
The Company determined a swap price of EUR0.30 per new share, which will be
offered to bondholders in exchange for their Bonds. This swap price is based
on valuation work provided by M.M.Warburg & CO (AG & Co.) KGaA, Hamburg,
Germany, who provided the Company with an indicative range of exchange
ratios in the context of the planned debt-to-equity swap of the Bonds.
Sapinda Holding B.V. ('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.
In addition, the Company decided to offer Sapinda to exchange their EUR15
million loan facility into new shares, under the same exchange conditions.
Assuming a full swap of the EUR150 million Bonds and the Sapinda loan
facility, this would result in an issuance of 550 million new shares and a
new total number of 664 million outstanding shares.
The extraordinary general meeting of shareholders which shall resolve upon
the required capital increases will be convened in the following days.
*Notifying person:*
Yaron Zaltsman, CFO
*Investor Contact: *
Sabrina Kassmannhuber
ir@fyber.com
+49 30 609 855 555
20-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
761173 20-Dec-2018 CET/CEST
(END) Dow Jones Newswires
December 20, 2018 12:53 ET (17:53 GMT)
