CDON Group announces conversion price for previously issued convertible bond
CDON Group AB (publ.) (‘CDON Group’ or ‘the Group’) today announced that the conversion price for its SEK 250.0 million five year convertible bond has been set at SEK 38.00. CDON Group’s former parent company Modern Times Group MTG subscribed to 100% of the convertible bond on 2 December 2010. MTG may therefore convert the bond into a maximum of 6,578,947 CDON Group shares between 15 June 2012 and the end of 1 December 2015. The bond matures on 2 December 2015.The conversion rate corresponds to 125 per cent of the volume-weighted trading price of the CDON Group share between 15 December