Brief: Fox E-Mobility Says Co Still Has Eur 22 Mln Available For Convertible Debt Financing

fox e-mobility AG

22/04/2024 18:27

April 22 (Reuters) - Fox E-Mobility AG  CT4.D :
    * EQS-ADHOC: FOX E-MOBILITY AG: ATLAS REFINANCING
    * COMPANY STILL HAS EUR 22 MILLION AVAILABLE FOR CONVERTIBLE
DEBT
FINANCING
    * EXTENDED BY 15 MONTHS UNTIL JULY 20, 2025 AND CONVERTED
INTO A
10% P.A. INTEREST-BEARING FINANCING.
    * CONVERSION RIGHTS OF 15 CONVERTIBLE BONDS ALREADY ISSUED
WERE
ALSO EXTENDED UNTIL JULY 20, 2025 AND INTEREST AT 10% P.A.
    * COMPANY HAS OPTION OF MAKING PAYMENT ALSO IN FORM OF
TREASURY
SHARES OR SHARES IN FOX AUTOMOTIVE SWITZERLAND AG
    * FOX E-MOBILITY - HAS ALSO UNDERTAKEN TO REDEEM A TOTAL OF
5
CONVERTIBLE BONDS FROM ATLAS AGAINST PAYMENT OF EUR 500,000, NO
LATER THAN JULY 31, 2024

Source text for Eikon:  ID:nEQ9xBXPja 
Further company coverage:  CT4.D 

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