Northern Data AG grants voluntary conversion right in relation to the convertible bond 2019/2024 and decides on cash payment in lieu of delivery of shares

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Frankfurt am Main, 5 March 2021 – Northern Data AG (WKN: A0SMU8, ISIN: DE000A0SMU87), Frankfurt am Main, has decided to grant the remaining bondholders a conversion right after having terminated its 2019/2024 convertible bond (WKN: A255D4, ISIN: DE000A255D47) issued in 2019, with effect as of 15 March 2021.

Pursuant to the terms and conditions of the convertible bond (§ 9), the company is entitled to pay a cash amount of EUR 21.00 per each share, to which the Bondholders would otherwise be entitled in the event of conversion. Against this background and taking into account the short period until the termination date on 15 March 2021, Northern Data AG will treat all remaining bondholders as if they had converted on time and pay them a cash amount of EUR 2,625.00 per outstanding bond instead of the nominal amount plus interest. The payment will be made on 15 March 2021. Bondholders do not need to take any further action in this regard.

Disclaimer

This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG and does not constitute a prospectus of Northern Data AG. The information contained in this press release is not intended to form the basis of any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As with all business and investment matters, please consult qualified professional advice. This release and the information contained herein are not for distribution, directly or indirectly, in or into the United States of America, Canada, Australia or Japan.

Press Contact

Dr. Hans Joachim Dürr
Head of Corporate Communications

presse@northerndata.de
+49 69 34 87 52 89

Ir Contact

Jens-Philipp Briemle
Head of Investor Relations

jens-philipp.briemle@northerndata.de
+49 171 557 6989