Brief: Amoeba Signs Amendment To Financing Contract With EIB

Amoeba SA

31/03/2020 17:24

March 31 (Reuters) - AMOEBA SA  AMEBA.PA :
    * SIGNATURE OF AN AMENDMENT TO FINANCING CONTRACT WITH
EUROPEAN
INVESTMENT BANK AND PROJECT TO ISSUE WARRANTS
    * AMOEBA HAS RECEIVED LOAN OF EUR 5 MILLION UNDER LOAN
AGREEMENT
AND SPECIFIES THAT, AS PROVISION BY EIB OFREMAINING EUR 15
MILLION WAS SUBJECT TO TARGETS NOT MET BY THE COMPANY, THIS
BALANCE IS NO LONGER AVAILABLE TO COMPANY
    * CONSEQUENTLY, AMOEBA HAS ENTERED INTO AN AGREEMENT WITH
THE EIB
ON MARCH 31 2020 TO AMEND THE LOAN AGREEMENT
    * THE EIB HAS AGREED TO CANCEL RATIO COMMITMENT, THEREBY
DEPRIVING
ITSELF OF ITS RIGHT TO REQUEST EARLY REPAYMENT OF LOAN IF
NON-COMPLIANCE WITH THE SAID COMMITMENT WAS PROVEN
    * THE SUBSCRIPTION PRICE OF THE WARRANTS WILL BE EQUAL TO
EUR 0.02
PER WARRANT REPRESENTING A MAXIMUM TOTAL SUBSCRIPTION PRICE OF
EUR 4,000
    * THE SHARES ISSUED UPON EXERCISE OF THE WARRANTS WILL BE
ADMITTED
TO TRADING ON THE REGULATED MARKET OF EURONEXT PARIS

Source text: https://bit.ly/3dH9NWM
Further company coverage:  AMEBA.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587785110;))