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aap's convertible bond oversubscribed

DGAP-News: aap Implantate AG / Key word(s): Financing
27.08.2020 / 14:11
The issuer is solely responsible for the content of this announcement.

aap Implantate AG ("aap" or the "Company") has successfully placed the convertible bond 2020/2023 resolved on August 5, 2020 with a total nominal value of up to EUR 2,550,814.00. The convertible bond met with a high level of interest from both existing shareholders and institutional investors in the private placement and is oversubscribed. The Company will thus shortly receive the maximum possible gross issue proceeds of approximately EUR 2.6 million.

"We are pleased about the great interest in our convertible bond and thank our existing and new investors for their trust," says Rubino Di Girolamo, CEO of aap. "We regard this result as a clear signal that our chosen path is meeting with broad approval and will continue to implement aap's restructuring and refinancing process consistently."

The convertible bond is a first and essential part of the refinancing and restructuring process currently being implemented by aap and serves to secure the Company's short-term liquidity. With the cash inflow realized from the convertible bond, aap's financing is secured until the beginning of 2021. In parallel, the Management Board is currently working intensively on the implementation of various financing options previously communicated. Furthermore, the Management Board will consistently continue its analysis to identify further cost reduction and efficiency enhancement potentials.


Implantate AG (ISIN DE0005066609) - General Standard/Regulated Market - All German stock markets -

About aap Implantate AG
aap Implantate AG is a globally active medical technology company based in Berlin, Germany. The Company develops, manufactures and markets products for trauma. The IP-protected portfolio includes besides the innovative anatomical plating system LOQTEQ(R) a wide range of cannulated screws. In addition, aap Implantate AG has an innovation pipeline with promising development projects such as the antibacterial silver coating technology and magnesium-based implants. These technologies address critical and unmet needs in trauma. In Germany, aap Implantate AG sells its products directly to hospitals, purchasing groups, and hospital groups, while at international level it primarily uses a broad network of distributors in around 25 countries. In the US the Company pursues a hybrid distribution strategy with its subsidiary aap Implants Inc. Distribution is carried out both through distribution agents and partnerships with global orthopedic companies. aap Implantate AG's stock is listed in the General Standard segment of Frankfurt Stock Exchange (XETRA: AAQ.DE). For more information, please visit our website at

Forward-looking statement
This release may contain forward-looking statements based on current experience, estimates and projections of the management board and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of aap to be materially different from those that may be expressed or implied by such statements. These factors include those discussed in aap's public reports. Forward-looking statements therefore speak only as of the date they are made. aap does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.

For inquiries please contact:

aap Implantate AG; Fabian Franke; Manager Investor Relations; Lorenzweg 5; 12099 Berlin, Germany; Phone: +49/30/750 19 - 134; Fax: +49/30/750 19 - 290;

27.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: aap Implantate AG
Lorenzweg 5
12099 Berlin
Phone: +49 (0) 30 75 01 90
Fax: +49 (0) 30 75 01 91 11
ISIN: DE0005066609
WKN: 506660
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1124273

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Last Updated: 27-Aug-2020