EQS-Adhoc: niiio finance group AG: Application for delisting from the general open market of the Düsseldorf Stock Exchange as well as termination and early repayment of the convertible bond

Görlitz, October 30, 2024

niiio finance group AG (ISIN: DE000A2G8332) ("Company") has decided today to apply for the delisting of the Company's shares from the general open market (Allgemeiner Freiverkehr) of the Düsseldorf Stock Exchange. The Company expects that the Düsseldorf Stock Exchange will approve the application; in this case, the delisting will take place with a notice period of six months, i.e. expected at the end of April 2025. The shares will then no longer be listed in the open market (Freiverkehr) due to the Company's request.
Until the end of the six-month period, the Company's shareholders will continue to have the opportunity to trade their shares on the open market of the Düsseldorf Stock Exchange. Reference is also made to the voluntary purchase offer for shares in the Company announced by Neptune BidCo AG in the Federal Gazette on October 29, 2024. The Company has already published an ad hoc announcement about the planned purchase offer of Neptune BidCo AG (see ad hoc announcement of the Company dated August 26, 2024) and reported on the upcoming publication of the purchase offer in the Federal Gazette (see corporate news of the Company dated October 29, 2024).
The decision to delist was made because the economic benefit of listing the Company's shares on the open market of the Düsseldorf Stock Exchange no longer justifies the associated costs. The delisting is expected to reduce the Company's future administrative and cost expenses.
Furthermore, the Company has decided today to terminate all 406,246 not yet converted bonds of the convertible bond 2021/2026 (Wandelanleihe 2021/2026) issued by the company (ISIN DE000A3E5S26; "Convertible Bond") with a total nominal amount of EUR 406,246 with effect from the end of January 31, 2025, in compliance with the notice period of at least 90 days in accordance with section 3.3 of the bond terms and conditions, and to thus redeem the Convertible Bond prematurely and in full.
The date of early redemption in accordance with the bond terms and conditions is also January 31, 2025. On the redemption date, the bondholders will receive the nominal amount plus the interest accrued thereon up to the date of redemption (exclusive).
The bondholders do not need to take any action in connection with the termination of the Convertible bond. The bonds are deposited in a global certificate with Clearstream Banking AG, Frankfurt, therefore the credits are made via Clearstream Banking AG and the custodian banks.
The Company’s executive board intends to announce the termination of the Convertible Bond in October 2024 in accordance with section 14.1 of the bond terms and conditions on the company's website at niiio.finance/investor-relations/, under the section "Wandelanleihe 21/26".


Contact:
Heribert Steuer and Christian Ropel, Executive Board
Email: ir@niiio.finance
Telephone: +49 35 81 / 374 99 - 0