The conversion of the Carver - 7,0% - 2026/03 - Convertible bond to the Carver Certificates of shares has now been carried out on 20-6-2022.
The trading of the certificates is possible from 21-6-2022.

In our Q3 2021 reporting we have announced that we will issue 117 new A shares. This issue leads directly to a conversion right for you as a bondholder; see also it conversion message on the documents page.

In the prospectus Chapter 4.6 states how the conversion of bonds to certificates of C shares works.

The nominal value of the bond is € 1.000
The price per certificate is € 13,07

See the calculation example below for the number of certificates to be received and the conversion costs. 

The conversion period has now expired.

When converting one bond you can receive € 1.000 / € 13,07 = 76,51 certificates of C shares, where only whole share certificates are issued (76 shares) and the remainder is paid out in cash.

In this case it means that the remainder of 0,51 certificates x € 13,07 = € 6,67 will be paid out to you in cash.

Conversion costs

NPEX charges conversion costs for converting the bonds into share certificates. This amounts to €5, plus 1% of the value of the certificates, with a maximum of €1.000
See also Carver rates page.

Convert calculation example.

For converting one bond you will receive 76 certificates.
The one-off costs are: €5 per conversion.
The percentage costs per certificate are: 1% x € 13,07 = € 0,13
With 76 certificates this amounts to: 76 certificates x € 0,13 = € 9,88

The total costs for the conversion will then be:
€5 one-off costs + €9,88 percentage costs = €14,88

The conversion period has now expired.

The new A shares will be issued in December 2021. We have decided to take plenty of time to give you the opportunity to carefully consider your conversion and to read all the information carefully.

We request that you notify NPEX of your possible conversion via the button below no later than January 31, 2022 at 17:00 PM.

Only whole bonds of €1.000 nominal value can be converted. However, you can convert part of your bonds and keep the remaining bonds (i.e. do not convert).

Conditions for listing Carver Certificates of shares C

We intend to list the shares on NPEX if there is minimum 25% of the outstanding bonds will be converted.
If less than 25% of the convertible bonds are converted on January 31, 2022, the certificates will not be tradable on NPEX. You will then receive an entry in the certificate register maintained by Stichting Administratiekantoor Carver. You cannot then sell your certificates via NPEX, but must offer your certificates via Stichting Administratiekantoor Carver.

• For more information see it conversion message.
• For the dividend policy, see Chapter 7.18 prospectus.

Listing Carver Certificates of shares C

25% of the bonds have now been registered for conversion. This means that the Carver Certificates of C shares will be listed on the NPEX stock exchange as of 20/6/2022!