pta20160930029
Business news for the stock market

7C Solarparken AG: 7C Solarparken AG: Issue of a convertible bond of EUR 2.5 million with subscription rights for shareholders

Bayreuth (pta029/30.09.2016/12:57 UTC+2) Bayreuth, 30 September 2016 - As announced on 19 September 2016, 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; Stock Exchange: Regulated Market in Frankfurt / Main (General Standard)) issues a convertible bond with a total nominal amount of up to EUR 2.5 million. The bonds with a nominal amount of EUR 2.50 each have a term of 12 months and interest accrues at an interest rate of 2.5% p.a. The initial conversion ratio is 1:1, which means that at the end of the term of the convertible bond, bondholders have the right to convert one bond into one share of the company. The convertible bond will be offered to existing shareholders of the company for subscription, as part of a subscription offer, which is to be published in the German Federal Gazette (Bundesanzeiger) and on the company's website on 4 October 2016, in the period from 5 October (0:00) until 18 October 2016 (24:00) at a ratio of 42:1, i.e. 42 shares of 7C Solarparken AG entitle to subscribe for one bond, at an issue price of 100% of the nominal amount per bond. Decisive for the calculation of the number of the shareholders' subscription rights is their respective holding of shares at the end of 4 October 2016.

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 94 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard).
For further information:

7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth,
Germany
www.solarparken.com
Steven De Proost, CEO
info@solarparken.com
Tel. +49 (0) (921) 230557 77

(end)

Emitter: 7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth
Germany
Contact Person: Koen Boriau
Phone: +49 921 230557-77
E-Mail: info@solarparken.com
Website: www.solarparken.com
ISIN(s): DE000A11QW68 (Share)
Stock Exchange(s): Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart
|