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Schaltbau announces early repayment of convertible bonds

Schaltbau Holding AG / Key word(s): Miscellaneous
03.03.2011 20:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Schaltbau announces early repayment of convertible bonds
Munich, 3 March 2011 – Schaltbau Holding AG announces the early and complete termination of the convertible bonds it issued in June / July 2007 at 4.75% (ISIN DE000A0TFWY1 – WKN A0TFWY) for the original entire nominal amount of EUR 8.5 million.
In accordance with article 4 paragraph 3 of the bond conditions, the requirements for the company to terminate the convertible bond are fulfilled at the end of XETRA trading on 3 March 2011, as the XETRA-quoted price of the Schaltbau share exceeded EUR 59.54 and therefore 130% of the conversion price of EUR 45.80 on at least 20 trading days within a period of 30 consecutive trading days, beginning on 28 January 2011 and ending on 3 March 2011.

Details regarding termination and the deadlines to be adhered to will be explained shortly in a Corporate News release and subsequently published both by way of announcement in the electronic Federal Gazette and in the German newspaper ‘Frankfurter Allgemeine Zeitung’.
Due to the current market price of the Schaltbau Holding AG share, the company expects the holders of convertible bonds to exercise most of or all of their conversion rights. The amount repayable currently stands at approximately EUR 7.7 million. If all holders of convertible bonds decide to exercise their conversion rights, the equity of Schaltbau Holding AG will increase accordingly. Based on equity as at 31 December 2010, a 100% conversion would thus improve the Group equity ratio from 17.5% to 21.8%. The total of 1,875,162 Schaltbau shares at 31 December 2010 would increase by up to 179,347 shares.

Wolfdieter Bloch
Schaltbau Holding AG
Hollerithstraße 5
81829 München
Tel. 089 – 93005 209
Fax  089 – 93005 318

03.03.2011 DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:     English
Company:      Schaltbau Holding AG
              Hollerithstraße 5
              81829 München
Phone:        089 – 93005 – 209
Fax:          089 – 93005 – 318
ISIN: DE0007170300, DE000A0D66Z2, DE000A0TFWY1 WKN:          717030, A0D66Z2, A0TFWY1
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart  
End of Announcement DGAP News-Service  

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