CA Immo announces early redemption of its EUR 200 m 0.75% convertible bonds due 2025
Vienna, 03.08.2021. On 8 April 2021, SOF-11 Klimt CAI S.à r.l. informed CA Immobilien Anlagen AG (the "Company" or the “Issuer”) that it had acquired a controlling interest in the Company pursuant to § 22 Austrian Takeover Act. The holders of Convertible Bonds could convert their convertible bonds at the Adjusted Conversion Price of EUR 25.9687 from the date of the Change of Control (8 April 2021) up to and including 28 May 2021 (Control Record Date).
Within the change of control window, the holders of Convertible Bonds converted Convertible Bonds with a nominal value of EUR 197,800,000 into 7,616,849 bearer shares of the Company. .These conversions took place in accordance with the Terms and Conditions as of 30 April 2021, so that convertible bonds with a nominal value of EUR 2,200,000 are currently still outstanding.
The Issuer hereby announces to exercise its redemption right pursuant to § 5 (d) of the Terms and Conditions (the "Clean-up Call") in order to redeem the remaining outstanding Convertible Bonds against cash in the principal amount of EUR 2,200,000 at par plus accrued interest up to (but excluding) the Redemption Date on 27 September 2021 (the "Optional Redemption Date").
The holders of Convertible Bonds are entitled, irrespective of the termination of the Convertible Bond (clean-up call), to exercise their conversion rights until 4:00 p.m. CET on 13 September 2021 at the latest in accordance with § 8 (a) and (b) of the Terms and Conditions at the respective current conversion price. The conversion price of the Convertible Bonds is currently EUR 29.4771. The closing price of the Issuer's shares on the Vienna Stock Exchange on 2 August 2021 was EUR 36.50 per share.
The repayment of the Convertible Bonds pursuant to the Clean-up Call will be financed from internal funds and will not have a material impact on the Issuer's cash flow.
Please adress any quetions to:
CA Immobilien Anlagen AG
Mag. Christoph Thurnberger
Mag. Claudia Höbart
Tel.: +43 (0)1 532 59 07
Fax: +43 (0)1 532 59 07-550