YOC AG: Announcement of the early redemption of the YOC convertible bond 2018 – 2022
Berlin, 15 June 2021 – YOC AG (ISIN DE0005932735) announces the early redemption of all convertible bonds issued in financial year 2018. The convertible bonds with a total nominal amount of EUR 1.56 million were issued with a four-year maturity until July 2022 and were convertible into a maximum of 193,825 ordinary shares of YOC AG.
On 30 March 2021, Eiffel Investment Group SAS (formerly Alto Invest S.A) declared the conversion of convertible bonds with a total nominal amount of EUR 1.5 million into a total of 187,500 no-par value shares of YOC AG. YOC AG transferred these 187,500 no-par shares to Eiffel Investment Group SAS in April 2021, making also use of 4,000 YOC shares held in its own portfolio.
As a result, in April 2021 the share capital and the total number of voting rights of YOC AG increased by 183,500 to now a total of 3,476,478 shares and voting rights, respectively.
The remaining total of 6,325 convertible bonds will now be redeemed early. Pursuant to the terms and conditions of the bond § 6 (2), the early redemption will be made at 110% on July 31, 2021.
Sebastian Bauermann, Director Finance of YOC AG: “We are pleased that with Eiffel Investment Group SAS, another long-term oriented institutional shareholder now holds a 5.4% stake in YOC AG and will accompany our further development.”