Notice of prolongation of redemption date of convertible bonds


Tallinn, 2014-09-16 20:17 CEST (GLOBE NEWSWIRE) -- AS Pro Kapital Grupp informs that it has prolonged the redemption date of 517 029 “Pro Kapital Grupp convertible bond PKG4 16.09.2014” (hereinafter referred to as Convertible Bonds PKG4) by 2 years and the new redemption date is 16.09.2016 (hereinafter referred to as the redemption date). AS Pro Kapital Grupp will redeem 18 983 Convertible Bonds PKG4.

All holders of Convertible Bonds PKG4 agreed with AS Pro Kapital Grupp proposal to prolong the redemption date of the convertible bonds, one investor agreed to prolong the redemption date in regards to some of the bonds held by the investor, expressing the wish for 18 983 Convertible Bonds PKG4 to be redeemed and the redemption date of the rest of the holding to be prolonged.

AS Pro Kapital Grupp has on 16.09.2014 submitted to the Estonian Central Register of Securities the application to change the redemption date and the total issue amount of Convertible Bonds PKG4.

In total convertible bonds were prolonged with total issue price of 1 447 681,20 EUR and convertible bonds with total issue price of 53 152,40 EUR will be redeemed.

The convertible bonds bear an annual interest of 7% and give the holders of the convertible bonds the right to exchange one convertible bond for one shares of AS Pro Kapital Grupp. The issue price of each convertible bond is 2,80 euro’s.

In order to subscribe for the shares of AS Pro Kapital Grupp and exchange the bonds, the bondholder must submit an application to the Company at least 10 (ten) Business Days before the Exchange Date. The Exchange Date shall be each Business Day (a day other than (a) a Saturday, (b) a Sunday, (c) Estonian national holiday, (d) public holiday or (e) another day when the registrar of the Register does not register securities) until the expiration date of the Bond, i.e. until the date of its redemption.
 

         Iveta Vanaga
         Head of Investor Relations
         Phone: +37129239064
         E-mail: iveta@prokapital.lv