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.