DGAP-Adhoc: SLEEPZ AG SLEEPZ AG agrees financing of EUR 5 million, Oliver Borrmann resigns from the Executive Board

2018. október 05., péntek, 13:25





DGAP-Ad-hoc: SLEEPZ AG / Key word(s): Financing/Change of Personnel


SLEEPZ AG SLEEPZ AG agrees financing of EUR 5 million, Oliver Borrmann resigns from the Executive Board


05-Oct-2018 / 13:25 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.




Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014



SLEEPZ AG agrees financing of EUR 5 million, Oliver Borrmann resigns from the Executive Board

Berlin, 05.10.2018 - SLEEPZ AG today has agreed with Heliad Equity Partners GmbH & Co. KGaA and Apeiron Investment Group Ltd on a financing of EUR 5 million.

Of this amount, EUR 2 million will be provided through the subscription of the convertible bond 2018/2021, which subsequent placement now ends on 10 October 2018, 12:00 noon (CEST). A further EUR 3 million will be provided to SLEEPZ AG as a long-term loan.



The financing is intended to lay the foundation for the planned takeovers of URBANARA GmbH and Sam Stil-Art-Möbel GmbH. The term sheet with URBANARA has meanwhile been extended until the end of October.



As part of this financing, several shareholders including Oliver Borrmann, member of the Executive Board, have granted Apeiron an option to purchase shares in SLEEPZ AG. In addition, Oliver Borrmann has decided for personal reasons in connection with the transaction to resign from the Management Board effective October 31, 2018. He will continue to support the company in an advisory role until the end of the year, in particular in the preparation and implementation of the intended takeovers.



Disclosing Person:

Oliver Borrmann, Executive Board Member



Contact:

Corinna Riewe, + 49-30-20305567, cr@sleepz.com











05-Oct-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: SLEEPZ AG

Schlüterstraße 38

10629 Berlin

Germany
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-555
E-mail: ir@sleepz.com
Internet: www.sleepz.com
ISIN: DE000A2E3772, DE000A2E4L59
WKN: A2E377, A2E4L5
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Warschau





 
End of Announcement DGAP News Service




729803  05-Oct-2018 CET/CEST







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