Wirecard lands $1 billion investment from Japan's Softbank

Wirecard lands $1 billion investment from Japan's Softbank

5 years ago
Anonymous $9jpehmcKty

https://finance.yahoo.com/news/japans-softbank-buy-5-6-052629854.html

Under the agreement, Wirecard will issue bonds exclusively to an affiliate of Softbank that will convert into 6.92 million Wirecard shares after five years, currently equivalent to around 5.6 percent of the company.

The conversion price of 130 euros per share represents a 5 percent premium to Wirecard's closing share price on Tuesday. Shareholders will vote on the bond issuance at its annual meeting on June 18.

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