Brief: Enedo PLC Signs Minimum Of EUR 1 Million Bridge Loan With Inission

Enedo Oyj

26/11/2021 12:06

Nov 26 (Reuters) - Enedo Oyj  ENEDO.HE :
    * ENEDO PLC SIGNS A MINIMUM OF EUR 1 MILLION BRIDGE LOAN
WITH
INISSION AB TO RESOLVE CASH SHORTAGE
    * MINIMUM AMOUNT OF BRIDGE LOAN IS EUR 1 MILLION AND IT CAN
BE
INCREASED UP TO EUR 2 MILLION UPON SEPARATE AGREEMENT BY PARTIES
    * NEGOTIATIONS ON LONGER PLAN LOAN ARRANGEMENT ARE
PROCEEDING AND
MANAGEMENT EXPECTS TO SIGN AGREEMENT BY END OF FINANCIAL YEAR
    * BRIDGE LOAN BECOMES DUE AND REPAYABLE UPON DEMAND AFTER
COMPANY
HAS DRAWN DOWN FIRST INSTALMENT UNDER LONGER PLAN LOAN
ARRANGEMENT UNDER NEGOTIATION, HOWEVER ON 31 DECEMBER 2021 AT
LATEST.

Source text for Eikon:  ID:nGNE1YVx80 
Further company coverage:  ENEDO.HE 

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