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.
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 the leading European technology platform for fashion and lifestyle. Connecting 62 million active customers with more than 7,000 brands across 29 markets, our business is built on a unique AI-powered data and infrastructure platform. For our customers, our multi-app approach - comprising Zalando, ABOUT YOU, and Lounge by Zalando - delivers an inspiring, highly personalized shopping experience, serving different customers with different needs. For our partners, we are building the operating system for e-commerce. Through ZEOS, Tradebyte, and SCAYLE, we open our logistics, software, and service capabilities to brands and retailers, enabling them to seamlessly scale their businesses across borders.
For further information, please visit: corporate.zalando.com/en
Contact Investor Relations - Patrick Kofler
Patrick Kofler
Director of Investor Relations
investor.relations@zalando.de
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