par The Naga Group AG (isin : DE000A161NR7)
EQS-Adhoc: The NAGA Group AG: Naga Group AG agrees with investor on adjustment of the Terms and conditions of convertible bond
EQS-Ad-hoc: The NAGA Group AG / Key word(s): Bond/Financing
The NAGA Group AG: Naga Group AG agrees with investor on adjustment of the Terms and conditions of convertible bond
24-Oct-2023 / 20:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Naga Group AG agrees with investor on adjustment of the
Terms and conditions of convertible bond
Hamburg, October 24, 2023. Based on the recent positive business figures, The Naga Group AG was able to agree with the holder of the convertible bond issued in April 2023 on an adjustment of the bond terms.
The amended bond terms provide for the partial repayment of USD 6,000,000 at maturity on October 30, 2023, and the repayment of the remaining amount of approximately USD 2.7 million plus accrued interest on January 30, 2024. The holder of the convertible bond will not exercise his conversion right, so that there will be no dilution for the shareholders in this respect.
For the partial repayment, the Company has taken out a loan without conversion rights from an institutional investor with a term of 12 months.
Contact:
The NAGA Group AG
Andreas Luecke
Management Board
Hohe Bleichen 12
20354 Hamburg
T: +49 (0)40 524 77910
E: ir@naga.com
End of Inside Information
24-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | The NAGA Group AG |
| Hohe Bleichen 12 | |
| 20354 Hamburg | |
| Germany | |
| E-mail: | info@naga.com |
| Internet: | www.naga.com |
| ISIN: | DE000A161NR7 |
| WKN: | A161NR |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1756463 |
| End of Announcement | EQS News Service |
1756463 24-Oct-2023 CET/CEST