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DGAP-Adhoc: NORTHERN BITCOIN ISSUES CONVERTIBLE BOND

eqs_en 
0 0 15.11.19
DGAP-Adhoc: NORTHERN BITCOIN ISSUES CONVERTIBLE BOND
 

DGAP-Ad-hoc: Northern Bitcoin AG / Key word(s): Corporate Action
NORTHERN BITCOIN ISSUES CONVERTIBLE BOND

15-Nov-2019 / 17:29 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.

AD HOC RELEASE

NORTHERN BITCOIN ISSUES CONVERTIBLE BOND

Frankfurt on the Main, November 15, 2019. Northern Bitcoin AG (Xetra: NB2, ISIN: DE000A0SMU87) has resolved to issue a convertible bond with subscription rights for shareholders. The Company has already received confirmation from major international strategic investors in the blockchain sector for EUR 10,000,000; the total volume amounts to up to EUR 20,000,000. The interest rate stands at 5 percent per year. The convertible bond will have a term of five years. The conversion price is EUR 8.00 per share and the Company is entitled to pay a cash sum of EUR 21.00 ("cap") instead of delivering the shares. The Company intends to publish a subscription offer after the preparation and approval of the required securities prospectus. This is expected in the course of the first quarter of 2020.

Press contact:
Northern Bitcoin AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Thurn-und-Taxis-Platz 6
60313 Frankfurt
Mail: [email protected]
Phone: +49 69 348 752 89

Investor Relations:
Sven Pauly
Mail: [email protected]
Phone: +49 89 125 09 03 31

15-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Northern Bitcoin AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-mail: [email protected]
Internet: www.northernbitcoin.com
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange
EQS News ID: 914633

 
End of Announcement DGAP News Service

914633  15-Nov-2019 CET/CEST

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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