DocMorris AG Announces Early Redemption of 2.75% Convertible Bonds

DocMorris AG has revealed its decision to exercise the early redemption option for its 2.75% Convertible Bonds due 2025. Bondholders are notified that they may convert their bonds until 11 June 2024, 16:00 CEST. After this period, bonds not converted will be redeemed at par plus accrued interest for 85 days.

The early redemption is triggered as the remaining principal amount is below 15% of the originally issued CHF 175,000,000. Following the successful repurchase offer, CHF 8,565,000 of the principal remains.

Each bond worth CHF 5,000 is convertible into 35.1137 registered shares of DocMorris AG. Fractions will be compensated in cash. The final trading day for non-converted bonds on the SIX Swiss Exchange will be 21 June 2024.