AJ2016 schreef op 25 november 2016 09:33:
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Zie laatste zin uit bijgaand stukje prospectus: The Amortizing Bonds are expected to have a maturity of 18 months and carry no coupon, although there is a fee payable to the holders upon closing of €5.0 million. The Company will begin repaying the Amortizing Bonds after two months in 16 equal instalments, in either Shares or cash at the Company’s sole discretion, although the first three such payments will be in cash only. The maximum total payment in cash (other than for an early repayment) is capped at 70% of the principal amount.
Any repayments in cash will be at a premium to the repayment amount.
The Shares used to meet a repayment will be priced at a discount to the volume-weighted average price of the Shares over the month preceding the repayment. The premium and discount are subject to final negotiation.