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Convertible Bond 2015

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Basic data

Issue size: € 167,900,000
Coupon: 0.0 % p.a.
Issue date: June 5, 2015
Maturity date: June 5, 2022
Issuer: Salzgitter Finance B.V.
Guarntor: Salzgitter Aktiengesellschaft
German Securities Identification Number (WKN): A1Z2G9
ISIN: DE000A1Z2G97
Denomination: € 100,000
Stock market: Frankfurt (Open Market (Freiverkehr))
Conversion ratio: 2,150.2463 Shares per Bond 1)
Conversion price: € 46.5063 1)
Underlying shares: 3,610,263 1)
Status: senior, unsecured
Conversion right period: July 25, 2015 to May 26, 2022
Early redemption at the option of the Issuer: On or after June 5, 2018, and upon giving not less than 30 nor more than 40 calendar days notice, only possible if the volume adjusted average XETRA-quotation on at least 20 of the 30 consecutive trading days directly prior to the notification date exceeds 130% of the then applicable conversion price
Paying Agent: HSBC Trinkaus & Burkhardt AG (Königsallee 21/23, 40212 Düsseldorf)

Salzgitter AG announces adjustment of the Conversion Ratio under the bonds convertible due 2022


On 23 May 2019, the shareholders' meeting of Salzgitter AG resolved that Salzgitter AG would pay a cash dividend for the financial year 2018 of EUR 0.55 per no-par value share in Salzgitter AG entitled to dividends. Salzgitter AG hereby announces that the Conversion Ratio under the senior unsecured bonds convertible into existing ordinary bearer shares of Salzgitter AG, issued by Salzgitter Finance B.V. and guaranteed by Salzgitter AG, due 2022 (the "Bonds") is adjusted following the payment of an Extraordinary Cash Dividend pursuant to § 10 (4) (B) of the Terms and Conditions of the Bonds. Pursuant to § 10 (11) of the Terms and Conditions of the Bonds, the Extraordinary Cash Dividend for the relevant Financial Year lasting from 1 January 2018 to 31 December 2018 amounts to EUR 0.55. As a consequence, the adjusted Exchange Price amounts to EUR 46,5063 and the Exchange Ratio amounts to 2.150,2463. This Adjustment in accordance with § 10 (9) of the Terms and Conditions of the Bonds became effective on 24 May 2019.

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