grenke AG announces the buyback offer of the outstanding Additional Tier 1 bond with intention to issue a new Additional Tier 1 bond
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EQS-Ad-hoc: grenke AG / Key word(s): Bond grenke AG announces the buyback offer of the outstanding Additional Tier 1 bond with intention to issue a new Additional Tier 1 bond
The Buyback Offer is made solely based on a tender offer memorandum published by grenke AG dated January 8 January, 2025 (the “Tender Offer Memorandum”) and applies to the following Additional Tier 1 bonds issued by grenke AG, with a settlement date on or around 20 January, 2025 (the “Settlement Date”), at the respective purchase prices specified below, plus accrued interest up to (and excluding) the Settlement Date.
The Buyback Offer begins on January 8 January, 2025, and ends on January 15 January, 2025 at 5:00 p.m. (CET), unless the offer period is extended, reopened, modified, or closed as specified in the Tender Offer Memorandum. Notifications regarding participation in the Buyback Offer must be submitted to Kroll Issuer Services Limited as the tender agent (the “Tender Agent”) in accordance with the terms of the Tender Offer Memorandum. The acceptance of bonds offered by the holders is at the sole discretion of grenke AG. The acceptance of the Buyback Offer is also subject to the successful issue of a new euro-denominated Additional Tier 1 bond by grenke AG, subject to market conditions. The details of the Buyback Offer are outlined in the Tender Offer Memorandum. The Tender Offer Memorandum will be available from the Tender Agent immediately following the publication of this notice.
Contact information: Kroll Issuer Services Limited
Further information is available from Investor contact Franziska Randt Press contact Stefan Wichmann End of Inside Information
08-Jan-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | grenke AG |
| Neuer Markt 2 | |
| 76532 Baden-Baden | |
| Germany | |
| Phone: | +49 (0)7221 50 07 8611 |
| Fax: | +49 (0)7221 50 07-4218 |
| E-mail: | investor@grenke.de |
| Internet: | www.grenke.de |
| ISIN: | DE000A161N30 |
| WKN: | A161N3 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2063563 |
| End of Announcement | EQS News Service |
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2063563 08-Jan-2025 CET/CEST
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