DocMorris Finalizes Convertible Bonds Parameters

On September 11, 2026, DocMorris AG announced the final conversion price and the issue size of its new convertible bonds due in 2031. The bonds, totaling CHF 96.8 million, come with a conversion price of CHF 13.83, a premium of 32.5% over the average price of CHF 10.4374 based on recently calculated VWAP. This strategic move accompanies a full repurchase and cancellation of the 2028 convertible bonds, enhancing management of dilution by reducing the underlying shares for these bonds from 7.6 million to 7.0 million.

This adjustment extends the maturity from 2028 to 2031 and reduces the coupon from 3.0% to 1.5%. Investor interest was high, significantly oversubscribing the offering, allowing DocMorris to secure beneficial terms. Settlement dates for the new bonds and concurrent repurchase are set for September 16, 2026. The company's shares are traded on the SIX Swiss Exchange.