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 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
investor.relations@zalando.de
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