on Aap Implantate AG (isin : DE0005066609)
Aap Implantate AG Updates on Convertible Bond Status
aap Implantate AG has announced that, as of October 31, 2024, 97.4% of its mandatory convertible bond from October 2023, intended to mature by 2028, has been converted. This leaves only 2.6% still pending, translating to approximately EUR 69.5 thousand in conversion rights yet to be exercised.
The conversion significantly reduces the company's liabilities by EUR 2.63 million, alongside diminishing the interest burden set at 6% annually until October 6, 2028. Consequently, the equity ratio of aap Implantate AG increases, reflecting a bolstered financial position.
This development is crucial for aap Implantate AG as it continues to focus on its portfolio, which includes innovative technologies in traumatology and beyond.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Aap Implantate AG news