Navigator Equity Solutions N.V.
euro adhoc: Navigator Equity Solutions N.V.
Capital measures
Navigator
Equity Solutions N.V.: Issue of convertible bond
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
04.05.2006
Eindhoven, May 04, 2006 - Based on a high quality dealflow the Board of Directors of Navigator Equity Solutions N.V. has today resolved - with the approval of the Supervisory Board - to issue a convertible bond worth up to euro 21,704,364. The issue price is euro 0.23 per convertible bond. Existing shareholders have the right to exercise their pre-emptive rights based on an issue ratio of 1:3 (three new convertible bonds for one existing share) resulting in 94,366,800 bonds being issued. The duration of the bond is four years. The transaction is supposed to take place within the next four weeks. It is intended to list the convertible bond on a German stock exchange and to allow for an early conversion possibly within calendar year 2006. Further details will be announced shortly.
The proceeds from the issue will mainly be used for investments in companies in special situations like restructurings, succession solutions, etc.. Based on such strategy Navigator Equity Solutions N.V. aims to increase revenues and profit significantly in the coming years.
end of announcement euro adhoc 04.05.2006 15:53:43
Further inquiry note:
Navigator Equity Solutions N.V. (Office Germany)
Maximilianstrasse 47
80538 München
Tel Nr.: + 49 (0)89 2111 28 25
Fax Nr.: + 49 (0)89 2111 28 28
Branche: Financial & Business Services
ISIN: NL0000419398
WKN: A0B8U5
Börsen: Bayerische Börse / regulated dealing
Börse Berlin-Bremen / free trade