On August 13, 2020 Biofrontera AG (shares of Biofrontera AG ISIN: DE0006046113) reported on July 27, 2020 the issuance of the 1.00% qualified subordinated mandatory convertible bond 2020/2021 with pre-emptive subscription rights for shareholders. 2,638,150 qualified subordinated mandatory convertible bearer bonds ("Bonds") with a nominal value of EUR 3.00 each (ISIN: DE000A3E4548 / WKN: A3E454) were offered for subscription at a subscription or placement price of 100% of their nominal value, corresponding to EUR 3.00 each in cash (Press release, Biofrontera, AUG 13, 2020, View Source [SID1234568549]). The subscription period ends on August 13, 2020.

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According to the current evaluation, all Bonds have been successfully placed – not considering the demand during the ongoing private placement.