SLM Solutions Group AG: Early redemption of the outstanding Convertible Bonds 2017/2024
Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
SLM Solutions Group AG: Early redemption of the outstanding Convertible Bonds 2017/2024
Luebeck, March 20, 2023 – Today, the management board of SLM Solutions Group AG (ISIN shares: DE000A111338, the “Company”) resolved, with the consent of the Company’s supervisory board, to make use of the Company’s right of early redemption of the outstanding Convertible Bonds 2017/2024 (ISIN DE000A2GSF58, the “Convertible Bonds 2017/2024”) in accordance with § 5(c) of the terms and conditions of the Convertible Bonds 2017/2024 (the “Terms and Conditions”), after the aggregate principal amount has decreased to EUR 2.2 million and thus to less than 15% of the aggregate principal amount of EUR 58.5 million at which the Company had originally issued the Convertible Bonds 2017/2024. In accordance with § 5(c) of the Terms and Conditions, the Company will call the outstanding Convertible Bonds 2017/2024 in whole with effect as of May 10, 2023 (the “Redemption Date”) and will also separately announce this to the bondholders. To the extent bondholders do not exercise their conversion right up to and including the fifteenth business day preceding the Redemption Date, i.e. by the end of April 18, 2023, the called Convertible Bonds 2017/2024 will be redeemed on the Redemption Date at their principal amount plus accrued interest.
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