Zalando SE
Zalando SE
06/08/2024 | Press release | Distributed by Public on 06/08/2024 05:05
Zalando SE announces successful completion of the 100m EUR repurchase of its convertible bond maturing in August, 2025 with a coupon of 0.05% p.a.
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Berlin, 6 August 2024 // On May 7, 2024, Zalando SE, Europe's leading online platform for fashion and lifestyle ("Zalando" or the "Company", ISIN: DE000ZAL1111, Frankfurt Stock Exchange: ZAL) started a partial repurchase of its Tranche A convertible bond which will become due on 6 August 2025.
As part of Zalando's liquidity management, the transaction was successfully completed on 18 July 2024. The total principal amount repurchased was 100m EUR with an average price of 95.50 EUR (total purchase price: EUR 95,545,494.89), meaning the aggregate principal amount outstanding is 400m EUR.
Citigroup Global Markets Europe AG was mandated as broker with the execution of the repurchase.
Zalando SE Boiler Plate EN
About Zalando
Founded in Berlin in 2008, Zalando is building the leading pan-European ecosystem for fashion and lifestyle e-commerce around two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we offer an inspiring and quality multi-brand shopping experience for fashion and lifestyle products to about 50 million active customers in 25 markets. In B2B, we are using our logistic infrastructure, software and service capabilities to help brands and retailers run and scale their entire e-commerce business, on or off Zalando. As an ecosystem, Zalando aims to enable positive change for the fashion and lifestyle industry.
Contact Investor Relations - Patrick Kofler
Patrick Kofler
Director of Investor Relations
[email protected]
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This announcement may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Japan, Australia, South Africa or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.