Brief: Biophytis Announces Issuance Of EUR 3 Mln Tranche Of ORNANE

Biophytis SA

14/09/2020 17:10

Sept 14 (Reuters) - Biophytis SA  ALBPS.PA :
    * BIOPHYTIS ANNOUNCES THE ISSUANCE OF A €3 MILLION TRANCHE
OF
ORNANE
    * ORNANE WILL HAVE A PAR VALUE OF €25,000 EUROS
    * THEY WILL NOT BEAR INTEREST AND WILL HAVE A 24-MONTH
MATURITY
FROM ISSUANCE
    * HOLDER OF ORNANE MAY REQUEST AT ANY TIME TO CONVERT THEM
DURING
THEIR MATURITY PERIOD, AND AT THAT TIME, THE COMPANY WILL BE
ABLE TO REDEEM THE ORNANE IN CASH
    * IN CASE OF CASH REDEMPTION, THE AMOUNT REIMBURSED WILL BE
LIMITED TO 115% OF THE PRINCIPAL
    * ATLAS HAS COMMITTED TO SUBSCRIBE TO 8 TRANCHES OF THE
ORNANE AT
€3 MILLION EACH OVER THE NEXT 3 YEARS

Source text for Eikon:  ID:nNDL4cTkNQ 
Further company coverage:  ALBPS.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))