Convertible bond 2003/2018 (ISIN DE0009038968) fully converted

(Thomson Reuters ONE) - Herzogenaurch - adidas AG announces that, following notice ofredemption bv the issuer adidas International Finance B.V. on October8, 2009, the ? 400 million convertible bond 2003/2018 (ISINDE0009038968) has been fully converted. This development correspondsto Management's original expectation that, in light of the currentadidas AG share price, most or all bondholders would exercise theirconversion rights.Following completion of the conversion process, 15,684,274 new sharesbased on the Contingent Capital 2003/II of the Company will have beenissued. The new shares will be entitled to dividends as of thebeginning of the financial year 2009.As a result of the conversion, adidas AG will reduce its net debt byabout ? 400 million and increase its equity in the same amount. Thisdevelopment will contribute to the early achievement of the Company'smedium-term target of financial leverage below 50% by year-end 2009.About the adidas GroupThe adidas Group is one of the global leaders within the sportinggoods industry offering a broad range of products across the threecore brands adidas, Reebok and TaylorMade-adidas Golf. Headquarteredin Herzogenaurach, Germany, the Group has more than 38,000 employeesand generated sales of EUR 10.8 billion in 2008. ***Contacts:Media Relations Investor RelationsJan Runau John-Paul O'MearaChief Corporate Communications Officer Head of Investor RelationsTel.: +49 (0) 9132 Tel.: +4984-3830 (0) 9132 84-2751Katja Schreiber Dennis WeberCorporate PR Manager Investor Relations ManagerTel.: +49 (0) 9132 84-3810 Tel.: +49 (0) 9132 84-4989Please visit our corporate website: www.adidas-Group.comhttp://hugin.info/139192/R/1353744/327959.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 10.11.2009 - 07:30 Uhr
Sprache: Deutsch
News-ID 8139
Anzahl Zeichen: 0

contact information:
Town:

London

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 279 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Convertible bond 2003/2018 (ISIN DE0009038968) fully converted"
steht unter der journalistisch-redaktionellen Verantwortung von

adidas AG (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

adidas JABULANI Official Match Ball of the 2010 FIFA World Cup(TM) ...

Cape Town/Herzogenaurach, December 4th, 2009 - Today in Cape Town, adidas and FIFA present the adidas JABULANI, the Official Match Ball for the 2010 FIFA World Cup South Africa(TM). Comprising only eight, completely new, thermally bonded 3-D pa ...

Nine Months 2009 Results: ...

Significant improvement in financial position in the first nine months of 2009 * Currency-neutral inventories down 8% versus the prior year * Net borrowings reduced by 12% versus the prior year * Currency-neutral Group sales decline 7% in Q3 ...

adidas AG announces early redemption of convertible bond 2003/2018 (ISIN DE00090 ...

Herzogenaurach - On behalf of its Dutch subsidiary adidas International Finance B.V., adidas AG announces that the Company is redeeming the ? 400 million convertible bond, issued in August 2003 and guaranteed by adidas AG, pursuant to § 3 (3) of the ...

Alle Meldungen von adidas AG