Management Board of UMT AG resolves to issue a 7% convertible bond in the amount of up to EUR 1,300,000.00
Based on the authorization resolution of the Annual General Meeting on December 5, 2023, the Management Board of UMT United Mobility Technology AG (“UMT AG”, Securities identification number: A2YN70, ISIN: DE000A2YN702) resolved today, with the approval of the Supervisory Board, to issue a further convertible bond with a total nominal value of up to EUR 1,300,000.00, divided into up to 1,300,000 bearer bonds with equal rights and a nominal value of EUR 1.00 each.
The convertible bond will be issued against a non-cash contribution, so that the shareholders’ statutory subscription rights are excluded. The contribution concerns receivables against the company.
The term of the convertible bond begins on June 15, 2025 and ends at the end of June 14, 2028. The bonds bear interest at 7.00% p.a..
At the same time, it was decided to reduce the issue of the convertible bond resolved on July 8, 2024 (“Convertible Bond 2024/2027, ISIN “) to a total nominal amount of up to EUR 816,343.00.