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MorphoSys AG - Tender Offer - Results

MorphoSys AG: Repurchase of portion of outstanding convertible bonds due 2025 (ISIN DE000A3H2XW6)


24 MARCH 2023


Full announcement including disclaimers and offer restrictions available via MorphoSys


"MorphoSys AG (the “Company”) hereby announces that it has repurchased outstanding convertible bonds due 2025 issued by MorphoSys AG (ISIN DE000A3H2XW6) (the “Bonds”), via a modified reverse Dutch auction procedure announced on 23 March 2023. At the close of the modified reverse Dutch auction procedure, the Company has agreed to purchase Bonds representing EUR 62.9 million in aggregate principal amount (approximately 19 % of the outstanding principal amount).


The purchase price per EUR 100,000 nominal amount will be EUR 64,000. In addition, the Company will pay interest accrued on the Bonds from and including the immediately preceding interest payment date to but excluding the settlement date of the repurchase, which amounts to EUR 283.31[1] per Bond. Following the settlement of the repurchase which is expected to occur on or around 30 March 2023, an aggregate principal amount of the Bonds of EUR 262.1 million will be outstanding."

 

MorphoSys AG invites all eligible holders to offer to sell for cash their convertible bonds due 2025 (ISIN DE000A3H2XW6)


23 MARCH 2023


Full announcement including disclaimers and offer restrictions available via MorphoSys


"The management board of MorphoSys AG (the “Company”) resolved today, with the approval of the supervisory board, to invite eligible holders of the convertible bonds due 2025 issued by MorphoSys AG with an outstanding aggregate nominal amount of EUR 325 million (ISIN DE000A3H2XW6) (the “Bonds”) to make offers to sell for cash their Bonds in a modified reverse Dutch auction process (the “Invitation”). The Company intends to repurchase approx. EUR 120 million in aggregate principal amount of the Bonds (the "Target Amount"). Bonds bought back, if any, are intended to be cancelled by the Company.


The purchase price per Bond tendered will be between 60.00 % and 64.00 % of the principal amount per Bond (equal to between EUR 60,000 and EUR 64,000 per bond). In addition, the Company will pay interest accrued on the Bonds from and including the immediately preceding interest payment date but excluding the settlement date of the Invitation, which is expected to amount to EUR 283.31 per Bond[i]. The final purchase price and the total number of the Bonds expected to be acquired will be determined via a modified reverse Dutch auction procedure closing on 24 March 2023 at 15:00 (Frankfurt time). Settlement is expected to occur on 30 March 2023."

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