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.
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About Zalando
Founded in Berlin in 2008, Zalando is Europe’s leading online multi-brand fashion destination. We are building a pan-European ecosystem for fashion and lifestyle e-commerce, along two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we provide an inspiring, high-quality multi-brand shopping experience for fashion and lifestyle products to more than 50 million active customers across 25 markets. In B2B, we leverage our logistics infrastructure, software, and service capabilities to support brands and retailers in managing and scaling their entire e-commerce business, both on and off the Zalando platform. Through our ecosystem vision, Zalando aims to enable positive change in the fashion and lifestyle industry.
Contact Investor Relations - Patrick Kofler
Patrick Kofler
Director of Investor Relations
investor.relations@zalando.de
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