Brief: IEX Group Strengthens Equity Capital, To Issue New Bond Loan

Hawick Data NV

18/12/2020 18:08

Dec 18 (Reuters) - IEX GROUP NV  IEX.AS :
    * IEX STRENGTHENS EQUITY CAPITAL
    * NEW BOND LOAN WILL BE ISSUED WITH AN INTENDED YIELD OF
BETWEEN
500,000 AND 1.5 MILLION EUROS
    * LOAN HAS A TERM OF 5 YEARS AND AN INTEREST OF 7 PERCENT
    * PART OF THE LOAN GRANTED BY VALUE8 WILL BE CONVERTED INTO
IEX
SHARES
    * INTENDS TO USE PROCEEDS OF BOND LOAN TO REPAY PART OF LOAN
PROVIDED BY VALUE8 AND FURTHER INVEST IN GROWTH
    * THIS CONCERNS AN AMOUNT OF ROUNDED EUR 529,000 THAT WILL
BE
CONVERTED INTO 270,000 ORDINARY SHARES IN IEX GROUP N.V. AT A
PRICE OF EUR 1.96 PER SHARE
    * EXPECTS TO PROVIDE FURTHER INFORMATION ON STEPS
IMPLEMENTATION
WITHIN 3 WEEKS
    * REMAINDER OF LOAN (PRINCIPAL AMOUNT APPROXIMATELY EUR 0.7
MILLION), IF NOT REDEEMED AT YEAR-END 2020, INCLUDING
OUTSTANDING INTEREST, WILL BE CONVERTED INTO SUBORDINATED LOAN
QUALIFIES AS EQUITY ON THE BASIS OF LOAN CONDITIONS
    * THE EQUITY EFFECT IS EXPECTED TO BE BETWEEN EUR 0.5 AND
1.1
MILLION

Source text for Eikon:  ID:nNDL53GmQs 
Further company coverage:  IEX.AS 

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