DGAP-Adhoc: UET United Electronic Technology AG places Convertible Bond and performs capital increase

2020. december 23., szerda, 10:50





DGAP-Ad-hoc: UET United Electronic Technology AG / Key word(s): Capital Increase/Miscellaneous


UET United Electronic Technology AG places Convertible Bond and performs capital increase


23-Dec-2020 / 10:50 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.




  • Issue of Convertible Bond 3,000,000.00 EUR with a term until 2023

  • Debt to Equity Conversion of 1,270,000.00 EUR liabilities

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn is issuing a convertible bond in the amount of 3.0 mn EUR. The total volume was successfully placed with institutional investors. The convertible bond has a term until the end of 2023 and an interest coupon of 6%. The funds will be used to refinance an existing bond in the same amount. The interest expense will be reduced.



The convertible bond can be converted into new ordinary bearer shares whereas 1,000 shares with a calculated nominal value of 1.00 EUR per share will be issued for each 1,000.00 EUR bond.



To strengthen the capital base, an existing liability of 1.27 mn EUR will be converted into equity by issuing 792,410 new shares with a calculated nominal value of EUR 1.00 per share. The new share capital is 15,240,000.00 EUR. The resolutions have been passed and approved. The capital increase will be completed in the first quarter of 2021.





Contact:

UET United Electronic Technology AG

Frankfurter Straße 80-82

D-65760 Eschborn



Sebastian Schubert

Investor Relations

Tel: + 49 (0) 6196 777755-0

E-Mail: investor@uet-group.com





 








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Language: English
Company: UET United Electronic Technology AG

Frankfurter Straße 80-82

65760 Eschborn

Germany
Phone: +49 (0)6196-7777550
Fax: +49 (0)6196-7777559
E-mail: investor@uet-group.com
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart
EQS News ID: 1157141





 
End of Announcement DGAP News Service




1157141  23-Dec-2020 CET/CEST







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