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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: OpenLimit Holding AG: OpenLimit Holding AG issues convertible debt
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