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DEAG Deutsche Entertainment Aktiengesellschaft intends to issue a convertible bond

2016-06-24 19:18:51
DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft intends to issue a convertible bond

DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Bond

24.06.2016 19:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Section 15 WpHG (German Securities Trading Act)

DEAG intends to issue a convertible bond

– EUR 5.1 million cash inflow

– Conversion into up to 1.457.121 shares possible

– Private placement with five investors with the exclusion of the shareholders’ subscription right

Berlin, June 24, 2016 – DEAG Deutsche Entertainment Aktiengesellschaft, Potsdamer Str. 58, 10785 Berlin (ISIN: DE000A0Z23G6 | WKN: A0Z23G), listed in the Prime Standard of the Frankfurt Stock Exchange, intends to issue a convertible bond with a nominal amount of EUR 5,100,000.00, based on the authorization of the Annual General Meeting of June 25, 2014, subject to the following terms and conditions: The bonds are to be issued, with exclusion of the shareholders’ subscription rights, at nominal value exclusively to institutional and private investors, are to bear 6 % interest per year, are to have a term of two years, with an option to
prolong the term for another year, and are to be convertible into shares of the company by the holder of the convertible bond at certain times at a conversion price of EUR 3.50. Depending on the reaching of a stock market price of EUR 4.20 of the DEAG shares, there is an obligation for a mandatory conversion of all convertible bonds at the end of the term at a conversion price of EUR 3.50. In the event of a full conversion of all bonds, up to 1.457.121 new shares would be issued.

DEAG Deutsche Entertainment Aktiengesellschaft

The Executive Board

For further information, please contact:

Axel Mühlhaus | edicto GmbH | Tel: +49-69-90 550 552 | Email:deag@edicto.de

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