McDermott Advised NFON on Issuance of a Warrant Bond
McDermott Will & Emery has advised NFON AG on issuing a warrant bond to Active Ownership Fund SICAV-FIS SCS as part of a private placement.
The bond bears interest at 6.00% p.a. for a term ending January 2, 2020 and was issued together with a warrant. The warrant entitles the holder to subscribe for 964,015 bearer ordinary shares from conditional capital, corresponding to 10% of the share capital of NFON AG. The nominal value of the bond with warrants is €5 million. Shareholders’ subscription rights were excluded.
NFON AG, headquartered in Munich, is the only pan-European cloud PBX provider (telephone systems from the cloud) and serves more than 30,000 customers in 15 European countries.
Active Ownership (AOC), headquartered in Luxemburg, is a partner-managed investment company with a focus on stock-listed, undervalued small- and mid-sized companies in the DACH region and in Scandinavia.
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