EasyMotion Tec AG approves issue of 8.5% corporate bond
11.10.2024/15:01 CET/CEST
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EasyMotion Tec AG approves issue of 8.5% corporate bond
Vaduz, October 11, 2024 - The Board of Directors of EasyMotion Tec AG (“EasyMotion”, ISIN: LI114715831) decided today, with the approval of the Supervisory Board, to issue a corporate bond (ISIN DE000A3L3V28, the “Bonds 2024/2029" or the “Bond”) with a total volume of up to EUR 25 million. The bond has a term until 2029 and a fixed interest rate of 8.5%. The bonds denominated in the holder have a nominal amount of EUR 1,000.00 each. The bond is issued as part of a public offering in Germany. In addition, a private placement in Germany and selected other countries is also planned. The subscription period for the public offering is expected to start in November 2024, and the company plans to start the private placement before the start of the public offering.
The securities prospectus required to carry out the public offering in Germany was filed with the Liechtenstein Financial Supervisory Authority (Financial Market Authority Liechtenstein, FMA). Approval of the prospectus is expected shortly. The net issue proceeds from the bond issue are to be used, among other things, for international growth and the research and development of new products.
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Information and explanations provided by the issuer regarding this announcement:
EXPLANATORY PART
EasyMotion Tec AG is a manufacturer of innovative fitness equipment and provider of health solutions solutions. The EasyMotion Group consists of EasyMotion and its subsidiaries and subsidiary companies, and sells its products under the brands “milon”, “EasyMotionSkin” and “five”. With the takeover of milon Holding GmbH, a leading developer and manufacturer of intelligent digital premium training equipment, in autumn 2023, EasyMotion AG further expanded its market position as a holistic healthcare provider. Milon Industries GmbH, as a subsidiary of milon Holding GmbH, has an established customer base in the B2B sector and has a market share of 47% in the DACH region. Milon digital devices are used in around 4,000 facilities worldwide, including gyms, physiotherapy practices and rehabilitation clinics. Around 1 million customers are already training on the smart fitness equipment equipped with AI technology. With the “milon YOU” AI, customer training data can be determined, stored and later used for an individual training plan. milon receives recurring income through SaaS licenses, maintenance contracts and advertising revenue. Through its subsidiary EasyMotionSkin Tec GmbH, the EasyMotion Group offers advanced training systems using electromuscle stimulation (“EMS”). EasyMotionSkin manufactures wireless EMS suits using patented and licensed dry electrode technology. Due to effective and location-independent training, the EMS suits have already been used twice by astronauts in space. The company five, which manufactures high-quality fascia and mobility devices “Made in Germany”, is also part of the group. As part of its growth strategy and by building further strategic partnerships, EasyMotion Tec plans to strengthen its position as a global provider of healthcare solutions.
Christian Keck, CEO of the EasyMotion Tec Group: “The bond issue is an important step for us to further accelerate our international growth and the expansion of our product range. With our innovative fitness and health solutions, we want to make a lasting contribution to people's physical and mental well-being. With this bond, we offer investors a strong product with a fixed interest rate. The easyMotion Group has a solid business model with three strong brands under one roof.”
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