Brief: Flexdeal Simfe Approves Issue Of Bonds Convertible Into Shares And Share Capital Increase

Flexdeal SIMFE SA

16/11/2023 16:50

Nov 16 (Reuters) - Flexdeal SIMFE SA  FLEXD.LS :
    * BOARD APPROVES PROPOSAL TO CARRY OUT, THROUGH PRIVATE
SUBSCRIPTION OFFER, ISSUE OF BONDS CONVERTIBLE INTO SHARES
    * ISSUE IS INTENDED TO RAISE CAPITAL FOR APPLICATION, BY
COMPANY,
IN PURSUIT OF ITS CORPORATE PURPOSE
    * TO ISSUE UP TO 15 BONDS CONVERTIBLE INTO SHARES WITH A
NOMINAL
UNIT VALUE OF 100,000 EUROS TOTALING UP TO 1.5 MILLION EUROS
    * SUBSCRIPTION PERIOD FOR BONDS IS ONE BUSINESS DAY FROM
DATE OF
APPROVAL OF ISSUE OF EACH NEW SERIES OF BONDS
    * BONDS MATURE ON OCT 20, 2028
    * BONDS WILL BE REMUNERATED AT FIXED NOMINAL INTEREST RATE
OF 6%
PER ANNUM GROSS
    * BOARDS ALSO APPROVE SHARE CAPITAL INCREASE OF UP TO 1.5
MILLION
EUROS

Source text: https://tinyurl.com/2vanfmr3
Further company coverage:  FLEXD.LS 

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