Brief: Grupo Ezentis Signs Financing Contracts With Private Investors For Total Amount Of 2 Mln Euros

Grupo Ezentis SA

29/12/2023 11:02

Dec 29 (Reuters) - Grupo Ezentis SA  EZEN.MC :
    * SIGNS SEVERAL FINANCING CONTRACTS WITH PRIVATE INVESTORS
FOR
TOTAL AMOUNT OF EUR 2 MILLION WITH MATURITY OF 30 JUNE 2024
    * FUNDS WILL BE USED TO STRENGTHEN THE BALANCE SHEET AND
INVESTMENT IN OPEX OF THE COMPANY
    * PARTIES HAVE AGREED THAT LOAN UNDER FINANCING AGREEMENT
MAY BE
CAPITALISED BY MEANS OF A CAPITAL INCREASE BY OFFSETTING LOANS
IF EZENTIS SO DETERMINES
    * CHOICE BETWEEN CONVERSION INTO EQUITY OR REPAYMENT OF
AMOUNT
RECEIVED UNDER FINANCING AGREEMENT SHALL BE ENTIRELY AT
DISCRETION OF CO
    * FUNDS WILL ALSO ATTEND TO DEVELOPMENT OF EZENTIS' ACTIVITY
AND
ITS GROUP, WHICH WILL HAVE INCREASING WORKING CAPITAL NEEDS FROM
INCREASE IN ACTIVITY PLANNED IN 2024

Source text for Eikon:  ID:nCNM8DqGyC 
Further company coverage:  EZEN.MC 

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