Brief: ChargePanel Takes Out Convertible Loan Of SEK 6 Mln

ChargePanel AB (publ)

04/07/2023 06:49

July 4 (Reuters) - ChargePanel AB (publ)  CHARGE.ST :
    * SAID ON MONDAY IT HAD TAKEN OUT A CONVERTIBLE LOAN OF SEK
6
MILLION
    * HAS DECIDED TO OBTAIN CONVERTIBLE LOAN FROM EXELITY AB
    * CARRIES OUT A DIRECTED ISSUE OF 6,000,000 CONVERTIBLES
WITH A
NOMINAL AMOUNT OF SEK 1.00 PER CONVERTIBLE
    * LOAN CAN BE CONVERTED INTO SHARES UP TO AND INCLUDING THE
MATURITY DATE OF THE LOAN ON 30 JUNE 2024 AT A CONVERSION PRICE
OF SEK 6.00
    * CONVERTIBLE LOAN OF A TOTAL OF SEK 6 MILLION CARRIES AN
INTEREST
RATE OF 1.25% PER MONTH STARTING FROM JULY 2023
    * IN ADDITION TO THE INTEREST ON THE LOAN, AN ARRANGEMENT
FEE OF
5.0% OF THE TOTAL LOAN AMOUNT IS PAYABLE TO THE LENDER IN
CONNECTION WITH THE REPAYMENT OF THE LOAN

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNbfRdD6
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