13.02.2018 08:10:36
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DGAP-News: German Startups Group GmbH & Co. KGaA
DGAP-News: German Startups Group GmbH & Co. KGaA / Key word(s): Bond +++ Press release +++ German Startups Group plans to issue a convertible bond Berlin, 13 February 2018 - German Startups Group intends to issue a convertible bond of 3m EUR, without subscription rights of shareholders. The bond shall be convertible into 1.198.330 shares, term 5 years, interest rate 8% p.a. and the conversion price 2.50 EUR per share. A potential buyer intends to subscribe for the convertible bond in full. The particular bond terms are still being negotiated. The issuance is also still subject to approval of the supervisory board of the company.
Investor relations contact
German Startups Group is a listed investment company and digital agency based in Berlin that focuses on young, fast-growing companies, so-called startups. The company acquires majority and minority shareholdings mainly by providing venture capital. Its focus is on companies whose products or business models include a disruptive innovation, allow for a high degree of scalability to be expected, and in which it has a great deal of trust in the entrepreneurial abilities of the founders. The geographical focus is on the German-speaking region. Since it commenced with operations in 2012, German Startups Group has in its opinion built up a diversified portfolio of investments in young companies and become the most active private venture capital investor in Germany since 2012 (CB Insights 2015, PitchBook 2016). 22 of the 42 minority stakeholdings in operationally active companies are of particular significance to German Startups Group and together comprise 89% of the total value of all 42 active minority stakeholdings. The 10 core holdings alone make up 61% of the value of all active minority stakeholdings. According to German Startups Group, its investment portfolio reflects a cross-section of promising German startups of various maturity stages ("Seed," "Early" and "Growth Stage," by German Startups Group's own definition) and includes some of the most successful and best known German startups. More information is available on our website at www.german-startups.com.
13.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | German Startups Group GmbH & Co. KGaA |
Platz der Luftbrücke 4-6 | |
12101 Berlin | |
Germany | |
Phone: | +49.30.6098890.80 |
Fax: | +49.30.6098890.89 |
E-mail: | info@german-startups.com |
Internet: | www.german-startups.com |
ISIN: | DE000A1MMEV4 |
WKN: | A1MMEV |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Tradegate Exchange |
End of News | DGAP News Service |
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653679 13.02.2018
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