As of December 31, 2018, Sika AG had a convertible bond listed on the SIX Swiss Exchange (security no.: 41‘399‘024, ISIN: CH0413990240, ticker: SIK185) outstanding with a total outstanding nominal amount of CHF 1,650,000,000.

Principal
Amount
 
Current
Conversion
Ratio
 
Current
Conversion
Price
 
Maturity
Date
 
Interest  
Nominal value
of CHF 20‘000
each
105.06525
registered
shares with a
nominal value
of CHF 0.01
CHF 190.3579 5.6.2025 0.15% payable
annually
on June 5

When conversion rights are exercised, new or existing shares of the company may – at Sika AG‘s discretion – be delivered. The respective number of registered shares of the company to be delivered upon conversion correspond to 6.11% of the outstanding registered shares as of December 31, 2018. As of December 31, 2018, none of the convertible bonds have been converted into shares. Sika AG may call the bonds at any time:

  • after the settlement date at the net principal amount, if less than 15% of the aggregate principal amount of the bonds are outstanding at the time of the notice;
  • on or after the 21st calendar day after the 5th anniversary of the settlement date at the relevant net principal amount, if the VWAP of the Sika AG‘s shares is at least 130% of the conversion price on at least 20 out of 30 consecutive trading days.

 

Further information on the convertible bond can be found on page 119 of the download version of this report (available at https://www.sika.com/en/group/Publications/annual_reports01.html).