Exercise of conversion rights leads to an increase in the equity of Von Roll Holding AG
Regarding the convertible bond issued by Voll Roll Holding AG on June 18, 2014, lead manager and conversion agent of Von Roll Holding AG Privatbank IHAG Zürich AG announced on October 27, 2016 that 40,000 conversion declarations had been received that day.
On June 18, 2014, Von Roll Holding AG issued an unsecured convertible bond (A1ZKEQ) of CHF 61 million due in 2020. According to the provisions of the issue prospectus, bondholders may exercise their conversion rights at any time from a year after the issue date until seven trading days before maturity or, if the bond is redeemed before maturity, until ten trading days before the date of early redemption. As lead manager of the convertible bond and conversion agent of Von Roll Holding AG, Privatbank IHAG Zürich AG announced on October 27, 2016 that a total of 40,000 conversion declarations had been received that day. This amounts to CHF 40 million of the CHF 61 million that had been issued. Based on the figures published in the Semi-Annual Report, the conversion declarations that were exercised have led to an increase in equity of CHF 36.0 million, from CHF 72.8 million to CHF 108.8 million.
About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission, and storage. Von Roll is a global market leader for electrical insulation products, systems, and services and has a worldwide presence in about 28 sites in 15 countries with 1,856 employees.
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This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with the statements made here. For more information on the company and its business performance, please refer to the Annual and Semi-Annual Report of Von Roll Holding AG which is available in digital form at https://www.vonroll.com/en/.