Northern Data : decides on partial cash settlement of the convertible bond

DGAP-Ad-hoc: Northern Data AG / Key word(s): Miscellaneous Northern Data decides on partial cash settlement of the convertible bond 02-Jul-2020 / 20:27 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. AD HOC Northern Data decides on partial cash settlement of the convertible bond Frankfurt am Main - July 2, 2020 - In the window up to June 30, 2020, Northern Data AG has received notices of conversion amounting to EUR 19.395.000 in respect of the total EUR 20 million convertible bond issued pursuant to resolutions adopted on November 15, 2019. Under the terms of the bond, the company may decide whether to convert these into shares or settle in cash. In consideration of liquidity needs on the one hand, and on the other hand taking account of business policy considerations, the Executive and Supervisory Boards have today decided to pay off convertible bonds with a nominal value of up to EUR 1.681.000 in cash (equating to an overall payment of EUR 4.412.625,00) and beyond this to provide shares. This allocation was arrived at based on the same criteria taking into account available liquidity in the context of the company's growth plans, while also taking into consideration the concern that strategic partners should have the opportunity to acquire or extend a stake in the company, and in so doing safeguard business policy advantages to the company. As a result, taking into account the cash increase in capital resolved on June 17, 2020 but not yet registered, will be to increase the capital stock to 14.492.725 shares. The shares delivered will run under separate ISIN until the general meeting. Convertible bond holders will in each case be informed via their depositary bank. One of the results of the conversion will be for Japan's SBI Crypto to become a new strategic key shareholder in Northern Data AG. SBI Crypto Co., Ltd. is a wholly-owned subsidiary of SBI Holdings Inc. and has gone into lock-up with its shares. Press contact: Northern Data AG Dr. Hans Joachim Dürr Head of Corporate Communications Thurn-und-Taxis-Platz 6 60313 Frankfurt Germany E-mail: [e-mail] Telephone: [phone] Investor Relations: Sven Pauly E-mail: [e-mail] Telephone: [phone] 02-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Northern Data AG
	Thurn-und-Taxis-Platz 6
	60313 Frankfurt/Main
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.northerndata.de
ISIN:	DE000A0SMU87
WKN:	A0SMU8
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange
EQS News ID:	1085501

End of Announcement	DGAP News Service

1085501  02-Jul-2020 CET/CEST