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Biofrontera AG. (5/3/12). "Press Release: Biofrontera AG Redeems 8% Convertible Bond of 2005/2012". Leverkusen.

Region Region Germany
Organisation Organisation Biofrontera AG
  Group Biofrontera (Group)
Products Product finance
  Product 2 pharmaceutical
Person Person Pehlemann, Werner (Biofrontera 200601– CFO before own firm + Dresdner Bank)
     


In 2005, Biofrontera AG had issued a convertible bond 2005/2012, divided in 200,000 bearer debentures with equal rights attached to each debenture (ISIN: DE000A0E964; Wertpapierkennummer (German Security Identification Number): A0E964) with a nominal value of EUR 100.00 each. Since the necessary requirements are met, Biofrontera AG has resolved today to redeem the outstanding debentures in accordance with Clause 9 para 5 of the bond's terms and conditions. The company has indicated several times that it intends to redeem the outstanding bearer bonds, inter alia in the context of two exchange offers regarding the convertible bond 2005/2012 (cf. ad-hoc releases of 7 June 2011 and 16 November 2011). The creditors of the convertible bond 2005/2012 had been offered to exchange their debentures into the 5 % option bond 2011/2016. As a consequence of the redemption, the convertible bond 2005/2012 will be completely repaid.

Being able to prematurely redeem and repay the bond before the regular maturity date will improve the liquidity of the company by approx. EUR 840,000.

Biofrontera AG, Hemmelrather Weg 201, 51377 Leverkusen
ISIN: DE0006046113
WKN: 604611


Contact:

Werner Pehlemann
Biofrontera AG
Tel.: +49 (0214) 87 63 20, Fax.: +49 (0214) 87 63 290
E-mail: w.pehlemann@biofrontera.com

   
Record changed: 2017-04-02

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