accordance with the terms and conditions of the convertible bond, individual bonds with a nominal amount of 100,000.00 each, plus unpaid accrued interest, may be converted into no-par value bearer shares with a pro rata amount in the Companys share capital of 1.00 per share. The conversion right was exercised based on a conversion declaration dated December 22, 2020. On
January 14, 2021, bonds in the amount of 5,000,000, plus interest in a total amount of 500,000, were converted into 98,214 new no-par value bearer shares in the Companys share capital of
1.00 per share based on a price of 56.00 per share and with dividend entitlement beginning on January 1, 2020. As a result, the prepaid share reserve shown in the previous years financial statements in the amount of
5,500,000 was transferred to the subscribed capital and the capital reserve.
a)(ii) Conditional capital
On June 12, 2020, the Annual General Meeting resolved to create 2020/I Conditional Capital and an additional 2020/II Conditional Capital, and to reduce
the 2017/I Conditional Capital.
2017/I Conditional Capital
After reduction, the 2017/I Conditional Capital dated September 8, 2017 amounts to 1,500.00 and is now used to grant stock option rights to
employees of the Company or its affiliates.
2019 Conditional Capital
Based on an authorization of the Annual General Meeting on July 2, 2019, 2019 Conditional Capital was created in the amount of 270,000.00. The
Management Board is authorized, subject to the consent of the Supervisory Board, to grant stock option rights for shares to members of the Management Board and to employees of the Company or its affiliates on one or more occasions until
December 31, 2022.
2020/I Conditional Capital
Based on an authorization of the Annual General Meeting on June 12, 2020, 2020/I Conditional Capital was created in the amount of 34,473.00. The
Management Board is authorized, subject to the consent of the Supervisory Board, to grant stock option rights for shares to members of the Management Board and to employees of the Company or its affiliates on one or more occasions until
December 31, 2025.
2020/II Conditional Capital
Based on an authorization of the Annual General Meeting on June 12, 2020, 2020/II Conditional Capital was created, which led to a contingent increase in
the Companys share capital by up to 1,277,893.00 through the issue of up to 1,277,893 new no-par value bearer shares.
The Management Board is authorized, subject to the consent of the Supervisory Board, to issue on one or more occasions until July 2, 2025 convertible
bonds and/or bonds with warrants issued to the bearer in a total amount of up to 150 million with a term of not more than 20 years, and to grant to the bondholders conversion and/or option rights to new shares of the Company with a pro
rata amount in the share capital of up to a total of 1,277,893.00 pursuant to the terms and conditions of the convertible bonds and/or bonds with warrants.
Due to the conversion of convertible bonds in fiscal year 2021, Conditional Capital 2020/II amounts to 1,179,679.00 as of December 31, 2021.
On May 14, 2021, the Annual General Meeting resolved to create 2021/I Conditional Capital and an additional 2021/II Conditional Capital.
2021/I Conditional Capital
Based on an
authorization of the Annual General Meeting on May 14, 2021, 2021/I Conditional Capital was created, which led to a contingent increase in the Companys share capital by up to 457,501.00 through the issue of up to 457,501 new no-par value bearer shares.
The Management Board is authorized, subject to the consent of the Supervisory Board, to
issue on one or more occasions until May 13, 2026 convertible bonds and/or bonds with warrants issued to the bearer with a term of not more than 20 years, and to grant to the bondholders conversion and/or option rights to new shares of the
Company with a pro rata amount in the share capital of up to a total of 457,501.00 pursuant to the terms and conditions of the convertible bonds and/or bonds with warrants.
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