Brief: TIE Kinetix NV issues 705,000 euros of new shares to cover EU repayments

ER Capital Nv

02/04/2015 06:59

Xxxxx xx (Reuters) - TIE Kinetix NV  TIEH.AS : 
    * Reported on Wednesday issuing an amount of 115,385 new 
shares at an issue price of 6.11 euros for a cash consideration 
of 705,000 euros to cover repayment of EU development grants 
    * Furthermore, an amount of 49,100 new shares will be issued 
to cover the costs of the guarantee of 300,000 euros 
    * Additional share issues may be considered in the near 
future, depending on the total amount of EU Development grants 
that the company has to repay to the European Commission 
 
     
 Further company coverage:  TIEH.AS   
    
 
 
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