EQS-Adhoc

Delivery Hero SE invites holders to tender their convertible bonds due in 2025 and 2026 for cash

EQS-Ad-hoc: Delivery Hero SE / Key word(s): Bond Delivery Hero SE invites holders to tender their convertible bonds due in 2025 and 2026 for cash 18-March-2024 / 19:42 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION, PUBLICATION OR FORWARDING, EITHER DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PUBLICATION.

 

Public disclosure of inside information according to Article 17(1) of the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation - MAR)

Delivery Hero SE invites holders to tender their convertible bonds due in 2025 and 2026 for cash

 

Berlin, 18 March 2024 – Delivery Hero SE ("Delivery Hero" or the "Company", ISIN: DE000A2E4K43, Frankfurt Stock Exchange: DHER), today announces the launch of a convertible bond tender offer, inviting current bondholders to submit offers to sell any and all of the outstanding convertible bonds due 2025 (ISIN: DE000A3H2WP2) (the "2025 Bonds") and up to EUR 100 million principal amount of the outstanding convertible bonds due 2026 (ISIN: DE000A3MP429) (the “2026 Bonds”). The Management Board and the Supervisory Board of Delivery Hero decided today to increase the intended buyback amount from at least EUR 300 million to approximately EUR 600 million (the “Target Amount”). Delivery Hero reserves the right, in its sole and absolute discretion, to purchase less than or more than the Target Amount and to determine the respective purchase amount of the 2025 Bonds and the 2026 Bonds.

The Company invites the holders of the 2025 Bonds, whose outstanding principal amount is EUR 500 million as of today (following an already completed buyback in the amount of EUR 250 million in 2023), to tender for purchase for cash any and all of the 2025 Bonds, whereby the decision to accept an offer to sell is at the Company's sole and absolute discretion (the "2025 Bonds Repurchase Invitation"). The repurchase price per 2025 Bond tendered under the 2025 Bonds Repurchase Invitation is 94.75% of the principal amount per 2025 Bond (equal to EUR 94,750 per 2025 Bond). The Company will also pay interest accrued on the purchased 2025 Bonds from and including the interest payment date for the 2025 Bonds immediately preceding the Invitation Settlement Date to but excluding the Invitation Settlement Date.