Brief: Tangiamo Takes Up Loan Of SEK 6 Million

36 AB

16/12/2020 07:16

Dec 16 (Reuters) - Tangiamo Touch Technology AB  TANGI.ST :
    * SAID ON TUESDAY CO HAS DECIDED TO TAKE UP A LOAN WITH A
CONVERSION OPPORTUNITY OF SEK 6 MILLION
    * THE LOAN RUNS UNTIL JUNE 16, 2021 WITH A MONTHLY INTEREST
RATE
OF 1.5%
    * LENDERS FOR THE LOAN OF SEK 6 MILLION ARE MODELIO EQUITY
AB AND
ESLOM CAPITAL AB
    * AS AN ALTERNATIVE TO CASH REPAYMENT AFTER DUE DATE, LENDER
CAN
CALL FOR DIRECTED SET-OFF ISSUES OF SHARES IN CO TO A VALUE
EQUAL TO TOTAL LOAN AMOUNT OR AT LEAST SEK 1 MLN

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr2mTVCh
    
 Further company coverage:  TANGI.ST  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))