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Epigenomics AG. (9/8/17). "Press Release: Epigenomics AG Issues Convertible Bonds". Berlin & Germantown, MD.

Organisations Organisation Roche (Group)
  Organisation 2 Cathay Fortune International Co. Ltd. (CFIC)
Products Product Epi proColon® blood test
  Product 2 finance
Index term Index term Epigenomics–SEVERAL: investment, 201704–201707 public cash takeover offer €7.52/share FAILED valuing ECX at €171m incl net cash by CFUC + Biochain
Person Person Vogt, Peter (Epigenomics 201601 Investor + Public Relations)
     


Epigenomics AG (FSE: ECX, OTCQX: EPGNY), or the “Company”, today announced that it has issued convertible bonds with a nominal value of EUR 7.1 million to Cathay Fortune International Company Limited (CFIC) excluding pre-emptive rights of existing shareholders. The issuance of the convertible bonds, as agreed in the Business Combination Agreement on April 26, 2017 between Epigenomics and CFIC and published in the offer document for the voluntary public takeover offer on June 8, 2017, provides an immediate cash inflow of approximately EUR 6.5 million to the Company.

The bonds were issued at 91% of their nominal amount, carry no interest, have a term until December 31, 2018 and are convertible into up to 994,397 shares of Epigenomics.

Further details regarding terms and conditions in connection with the issuance of convertible bonds according to the agreement with CFIC were provided in the offer document for the voluntary public takeover offer on June 8, 2017.


About Epigenomics

Epigenomics is a molecular diagnostics company focused on blood-based detection of cancers using its proprietary DNA methylation biomarker technology. The company develops and commercializes diagnostic products across multiple cancer indications with high medical need. Epigenomics’ lead product, Epi proColon, is a blood-based screening test for the detection of colorectal cancer. Epi proColon has received approval from the U.S. Food and Drug Administration (FDA) and is currently marketed in the United States, Europe, and China and selected other countries. Epigenomics’ second product, Epi proLung®, is in development as a blood-based test for lung cancer detection.

For more information, visit www.epigenomics.com.


Contact:
Epigenomics AG, Investor Relations, Peter Vogt, Geneststrasse 5, 10829 Berlin, Tel +49 (0) 30 24345 386, Fax +49 (0) 30 24345 555, E-Mail: ir@epigenomics.com


Epigenomics legal disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning Epigenomics AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors which could cause the actual results, financial condition, performance or achievements of Epigenomics AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Epigenomics AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

   
Record changed: 2017-09-17

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