DEAG DEUTSCHE ENTERTAINMENT AKTIENGESELLSCHAFT (FRA:ERMK) DEAG Deutsche Entertainment Aktiengesellschaft: DEAG: Possible increase in the interest rate of the corporate bond 2018/2023
Transparency directive : regulatory news
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DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Bond Publication of insider information pursuant to Article 17 of Regulation (EU) No. 596/2014 DEAG: Possible increase in the interest rate of the corporate bond 2018/2023 Berlin, 24 March 2022 - DEAG Deutsche Entertainment Aktiengesellschaft (ISIN: DE000A2NBF25) assumes on the basis of preliminary figures for financial year 2021 that the equity ratio (as defined in clause 2.2 of the Terms and Conditions of the Bond) in the Consolidated Statement of Financial Position as of 31 December 2021 will be below 15%. Pursuant to clause 2.2 of the Terms and Conditions of the 2018/2023 Corporate Bond, the interest rate on the 2018/2023 corporate bond would thus increase by 0.5 percentage points to 6.5% p.a. as of 1 November 2022, provided that the equity ratio of 15% is not exceeded again in the 2022 Half-Year Financial Report. The main reason for the equity ratio, which is expected to be below 15%, is the increase in total assets due to above-average advance payments already received for events planned but not yet carried out as a result of the COVID-19 pandemic, which have led to a correspondingly above-average level of cash and cash equivalents. With a relative reduction in the equity ratio, the Group's equity is expected to increase to approximately EUR 30 million and thus be EUR 8.5 million above the previous year (2020: EUR 21.5 million). Equity will most likely be strengthened even further as DEAG anticipates a significant return to normal and revival of operating activities in the months ahead. Person responsible: Prof. Peter Schwenkow, Chairman of the Executive Board +++ End of the ad hoc announcement +++ Information and Explanation of the Issuer to this News: Investor & Public Relations
24-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEAG Deutsche Entertainment Aktiengesellschaft |
| Potsdamer Straße 58 | |
| 10785 Berlin | |
| Germany | |
| Phone: | +49-30-810 75-0 |
| Fax: | +49-30-810 75-519 |
| E-mail: | deag@edicto.de |
| Internet: | www.deag.de |
| ISIN: | DE000A2NBF25, DE000A0Z23G6 |
| WKN: | A2NBF2, A0Z23G |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1311343 |
| End of Announcement | DGAP News Service |
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1311343 24-March-2022 CET/CEST