Euro 100,000,000 0.75% Convertible Bonds 2013 / 2018
issued by Drillisch Aktiengesellschaft
- ISIN DE000A1X3GS9 -
Notice to the Bondholders
Terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the Bonds (the "Terms and Conditions").
The Issuer's ordinary shareholders' meeting has approved on 18 May 2017 the use of Euro 98,576,368.20 of the net profit of the past financial year 2016 in the total amount of Euro 248,643,003.46 to pay dividends in the amount of Euro 1.80 per share for the 54,764,649 shares entitled to dividends.
As consequence of the distribution of Cash Dividends to the shareholders of the Issuer, the Conversion Price will be adjusted in accordance with § 10(e)(ii) of the Terms and Conditions with effect from the beginning of 19 May 2017. The adjusted Conversion Price will be Euro 18.9772 upon any exercise of Conversion Rights until (and including) 26 June 2017 (the Effective Date within the meaning of § 11(a) and (d) following the previously reported Change of Control of 16 May 2017) and Euro 20.3217 after (and excluding) 26 June 2017.
Maintal, 19 May 2017