OpenLimit Holding AG / Key word(s): Corporate Action
22.06.2011 16:49
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.
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OpenLimit Holding AG
Zugerstrasse 76b
CH - 6341 Baar
Telefon +41 41 560 1020
Fax +41 41 560 1039
www.openlimit.com
ISIN: CH.002.223.700.9
OpenLimit Holding AG | Zugerstrasse 76b | CH - 6341 Baar
Adhoc Announcement according
to § 15 WpHG
OpenLimit Holding AG issues convertible debt
(Baar, June 22nd, 2011) - Based on the decision by the general assembly of
OpenLimit Holding AG ('the Company') on June 20th, 2011 to create
conditional capital that can be used for the issuance of convertible debt
or debt with warrants, the Company has taken out a loan with conversion
rights for a total nominal amount of EUR 1,500,000. The debt could thereby
be converted into 1,250,000 new shares of OpenLimit Holding AG.
Subscription and pre-emption rights of current shareholders are excluded.
The convertible loan was offered in a private placement. The headline terms
are as follows:
* Maturity date 30.06.2013
* Interest rate of 6 % p.a. (to be paid quarterly)
* Convertible debt holders have the right to convert their loan tranche
into shares of OpenLimit Holding AG in compliance with any legal
restrictions at a strike price of EUR 1.20 per share; OpenLimit Holding AG
has the right to call the loan for conversion if the share price trades at
or above a strike price set between EUR 1.80 and EUR 2.00 (as defined in
the loan documentation) on 10 out of 14 consecutive trading days (Xetra
closing)
The convertible debt is not intended to be listed and traded on an
exchange. OpenLimit Holding AG plans to use the new funds raised for the
development, distribution and marketing of new products.
About OpenLimit
OpenLimit Holding AG (ISIN: CH.002.223.700.9), is an internationally
leading provider of certified software for electronic signatures and
identities. Our software components can easily be integrated into existing
applications, enable the efficient management of electronic documents,
media-consistent workflows, reliable long-term storage and process
optimization in all business areas. Maximum security and legal validity are
the outstanding features of the software solutions on offer. OpenLimit
holds the very first certification recognizing compliance with the most
stringent international security standard for software products, Common
Criteria EAL4+.
For further information, please visit: http://www.openlimit.com
Legal disclaimer
The contents of this announcement are solely intended for informational
purposes and do not constitute a solicitation or offer, or recommendation,
to buy or sell securities of the company. The OpenLimit Holding AG shall
accept no obligation for losses which arise in any way in connection with
this announcement or the information provided by the company. This
particularly applies for the losses of shares of the OpenLimit Holding
AG.
Investor Relations Contact
OpenLimit Holding AG
Christian Fuessinger
Phone: +41 41 560 10 20
Fax: +41 41 560 10 39
email: ir@openlimit.com
22.06.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: OpenLimit Holding AG
Zugerstrasse 76 b
6341 Baar
Schweiz
Phone: +41 41-560-1020
Fax: +41 41-560-1039
E-mail: investor@openlimit.com
Internet: www.openlimit.com
ISIN: CH0022237009
WKN: A0F5UQ
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: OpenLimit Holding AG: OpenLimit Holding AG issues convertible debt
| Source: EQS Group AG