MULT

Multitude AG to redeem its outstanding up to EUR 50,000,000 subordinated perpetual floating rate callable capital notes with ISIN NO0011037327

Multitude redeems €50 million subordinated notes, de-listing notes impact on leverage

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  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;link type=&quot;text/css&quot; rel=&quot;stylesheet&quot; href=&quot;https://www.globenewswire.com/styles/gnw_nitf.css&quot;&gt;&lt;/li...</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Multitude AG announced the full redemption of its up to €50 million subordinated perpetual floating-rate callable notes on July 5, 2026, with payment on July 6 and record date July 2. The notes will be delisted from Nasdaq Stockholm and the Frankfurt Open Market, and redeemed at nominal value plus accrued interest. The action cleanly reduces subordinated debt and interest burden, signaling capital-structure optimization ahead of 2H 2026.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Multitude to redeem up to €50m of subordinated perpetual notes on July 5, 2026.</li><li>Redemption date July 5, 2026; payment July 6; record date July 2.</li><li>Notes redeemed at nominal amount plus accrued interest; de-listed from Nasdaq Stockholm and Frankfurt.</li><li>Redemption notice on Multitude website; issuer responsible for content.</li><li>Multitude AG fintech; 2025 revenue €257m; Ferratum, CapitalBox, Multitude Bank.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Multitude AG (MULT)</strong>: Redeemed notes will reduce subordinated debt and interest expense; may improve leverage and coverage metrics.</li><li><strong>Nasdaq Stockholm (N/A)</strong>: Notes to be de-listed from Nasdaq Stockholm corporate bond list; liquidity for the instrument may diminish.</li><li><strong>Frankfurt Stock Exchange (Open Market) (FRA_OPEN_MARKET)</strong>: Notes to be de-listed from Open Market; potential impact on secondary market trading of the instrument.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments: A capital-structure action that cleans up subordinated debt and may improve leverage metrics, but has no direct revenue impact.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Redemption reduces subordinated debt and potential interest expense, improving leverage.</li><li>De-listing the notes lowers market liquidity for the instrument in Stockholm and Frankfurt.</li><li>No revenue impact tied to the action; stock price sensitivity hinges on balance-sheet perception.</li><li>Record date July 2 and redemption date July 5 may trigger near-term trading noise.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Amount: up to EUR 50,000,000 subordinated perpetual floating-rate callable notes (ISIN NO0011037327).</li><li>Redemption dates: 5 July 2026 ( redemption date ), 6 July 2026 ( payment ), record date 2 July 2026.</li><li>Redemption: at nominal amount plus accrued but unpaid interest; de-listings on Nasdaq Stockholm and Frankfurt Open Market.</li><li>Company: Multitude AG; 2025 revenue €257 million; &gt;700 employees; operates in 17 European countries.</li><li>Redemption notice available on www.multitude.com.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral to modestly bullish over 1–3 quarters as debt reductions improve balance-sheet metrics and cost of capital.</p>
  </section>
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<article>
  <p><strong>Multitude AG to redeem its outstanding up to EUR 50,000,000 subordinated perpetual floating rate callable capital notes with ISIN NO0011037327</strong></p>
  <p>27 May 2026 / 17:30 CET/CEST, transmitted by GlobeNewswire. The issuer is solely responsible for the content of this announcement.</p>

  <section aria-label="Redemption details">
    <h2>Redemption announcement and key terms</h2>
    <p>Zug, 27 May 2026 – Multitude AG, a listed European FinTech company offering digital lending and online banking services to consumers, SMEs, and institutional clients ("Multitude", the "Company" or the "Group"), hereby announces that its up to <strong>EUR 50,000,000</strong> subordinated perpetual floating rate callable capital notes with ISIN NO0011037327 (the <em>Notes</em>) will be redeemed in full in accordance with clause 10.7 <em>(Redemption at the Option of the Issuer)</em> of the terms and conditions of the Notes.</p>

    <p>The redemption date will be <strong>5 July 2026</strong> (with the payment being made on <strong>6 July 2026</strong> in accordance with the terms and conditions of the Notes), and the record date will be <strong>2 July 2026</strong> (the <em>Record Date</em>).</p>

    <p>The Notes will be redeemed at their nominal amount together with any accrued but unpaid interest to but excluding the date of redemption. The redemption amount will be paid to the noteholders holding Notes on the Record Date. The Notes will be de-listed from the corporate bond list of Nasdaq Stockholm and the Open Market of Frankfurt Stock Exchange in connection with the redemption (taking into account the rules and regulations of the relevant exchanges).</p>

    <p>The redemption notice is available on the Company's website (<a href="http://www.multitude.com" title="www.multitude.com">www.multitude.com</a>).</p>

    <p>For further information, please contact:</p>
    <p><strong>Multitude Group</strong><br>Adam Hansson Tönning<br>Head of IR and Treasury<br>Phone: <strong>+46733583171</strong><br>E-Mail: <a href="mailto:adam.tonning@multitude.com">adam.tonning@multitude.com</a></p>
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  <section aria-label="About Multitude and corporate background">
    <h2>About Multitude AG and corporate background</h2>
    <p><em>Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, SMEs, and institutional clients, overlooked by traditional banks.</em> The services are provided through three independent business units, which are served by the Multitude Growth Platform: Consumer Banking (Ferratum), SME Banking (CapitalBox), and Wholesale Banking (Multitude Bank). Multitude Group employs over 700 people, offering services in 17 European countries. In 2025, the Group achieved a revenue of <strong>257 million euros</strong>. Multitude was founded in Finland in 2005, is registered in Switzerland and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol <strong>MULT</strong> (WKN: A40VJN, TRQX: MULTd). <a href="http://www.multitude.com" target="_blank" rel="noopener">www.multitude.com</a></p>

    <p><em>This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU). The information was submitted for publication, through the agency of the contact person set out above, at 17.30 CET on 27 May 2026.</em></p>

    <ul>
      <li><strong>Symbol</strong>: <strong>MULT</strong> (Frankfurt Prime Standard)</li>
      <li><strong>Headquarters</strong>: Zug, Switzerland</li>
      <li><strong>Notes</strong>: subordinated perpetual floating rate callable capital notes, ISIN NO0011037327</li>
    </ul>
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  <section aria-label="Background on next steps and regulatory notes">
    <h2>Regulatory and market implications</h2>
    <p>The redemption of the Notes will result in the de-listing of the notes from Nasdaq Stockholm's corporate bond list and the Open Market of the Frankfurt Stock Exchange, in line with applicable exchange rules and regulations. Investors should review the redemption notice on Multitude’s website for any additional instructions or information related to the redemption.</p>

    <p><em>End of message.</em></p>
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  <section aria-label="Additional notes and archival information">
    <h2>Additional notes and archival information</h2>
    <p>Archive details and distribution information are provided by GlobeNewswire. The press release includes standard regulatory disclosures and links to the GlobeNewswire distribution page for reference.</p>
  </section>
</article>

Multitude AG announced the full redemption of its up to €50 million subordinated perpetual floating-rate callable notes on July 5, 2026, with payment on July 6 and record date July 2. The notes will be delisted from Nasdaq Stockholm and the Frankfurt Open Market, and redeemed at nominal value plus accrued interest. The action cleanly reduces subordinated debt and interest burden, signaling capital-structure optimization ahead of 2H 2026.

Multitude AG to redeem its outstanding up to EUR 50,000,000 subordinated perpetual floating rate callable capital notes with ISIN NO0011037327

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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