Activa Resources AG
Activa Resources redeems two corporate bonds
Activa Resources AG / Key word(s): Bond Activa Resources redeems two corporate bonds – EUR 2.15 million redeemed at maturity on 4th December 2014 – 40% of 2011/2014 convertible bond has been converted since issue date – 2014 conversions result in increase in nominal capital from EUR 5.20 million to EUR 5.47 million – EUR 3.48 million currently outstanding in 2013/2017 bond Bad Homburg, 5. December 2014. Activa Resources AG, an independent oil and gas producer, has redeemed two maturing bonds totalling EUR 2.15 million on 4th December 2014, comprising an outstanding amount of EUR 0.39 million of the 8% corporate bond 2010/2014 and EUR 1.76 million of the 8% convertible bond 2011/2014. In addition, Activa bought EUR 0.35 million in the bonds prior to maturity through market purchases. Since the 2011 issuance of the convertible bond approx. EUR 1.25 million or 40% of the original issue amount have been converted into 0.63 million new shares at EUR 2 per share. Activa’s nominal share capital will rise from EUR 5.20 million to EUR 5.47 million (5.47 million shares outstanding) as a result of bond conversions in 2014. The increase will be recorded with the Bad Homburg corporate register in due course. The bond redemption was financed via private placements of the Activa Resources AG 8% corporate bond 2013/2017 and the company’s credit facilities. Following the redemption of the two bonds the only outstanding Activa Resources AG bond is the aforementioned 2013/2017 bond, whose volume now stands at EUR 3.48 million. The bond can be increased to EUR 5 million. The Management Board About Activa Resources AG
05.12.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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