Brief: Evolva Signs CHF 12 Million Investment With Nice & Green

EvoNext Holdings SA

29/06/2020 06:09

June 29 (Reuters) - EVOLVA HOLDING SA  EVE.S :
    * SIGNS A CHF 12 MILLION INVESTMENT WITH SWISS COMPANY NICE
&
GREEN TO FUND FUTURE GROWTH
    * IN CONSIDERATION FOR ISSUANCE OF CONVERTIBLE NOTES NICE &
GREEN
HAS COMMITTED TO INVEST AT CERTAIN CONDITIONS UP TO A MAXIMUM
PRINCIPAL AMOUNT OF CHF 12 MILLION OVER A PERIOD OF 12 MONTHS
    * CONVERSION PRICE IS 95 PERCENT OF LOWEST DAILY VOLUME
WEIGHTED
AVERAGE PRICE FOR A SHARE ON SIX SWISS EXCHANGE DURING 6 TRADING
DAYS IMMEDIATELY PRECEDING CONVERSION
    * PRINCIPAL AMOUNT OF EACH CONVERTIBLE NOTE IS, AT EVOLVA'S
DISCRETION, EITHER REPAYABLE BY WAY OF CONVERSION INTO ORDINARY
SHARES OF COMPANY, OR IN CASH
    * CONVERTIBLE NOTES FACILITY WILL BE USED TO FINANCE
INVESTMENTS
IN CONNECTION WITH EXPANSION OF EVOLVA'S BUSINESS

Source text for Eikon:  ID:nTENbugrea 
Further company coverage:  EVE.S 

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