Brief: Hexicon Secures Bridge Financing, Carries Out Directed Issues Of Convertibles

Hexicon AB

29/11/2022 07:48

Nov 29 (Reuters) - Hexicon AB (publ)  HEXI.ST :
    * SAID ON MONDAY RESOLVED TO RAISE SEK 81 MILLION
CONVERTIBLE LOAN
FROM EXISTING SHAREHOLDERS AND NEW INVESTORS, INCLUDING
WALLENIUS MARINE AB AND MARTIN BJÄRINGER
    * RESOLVED TO RAISE SEK 1.5 MILLION CONVERTIBLE LOAN FROM
THE
COMPANY'S EXISTING SHAREHOLDERS AND BOARD MEMBERS BJARNE BORG
(THROUGH GULFSTREAM INVESTMENT GROUP LCC) AND HANS VON UTHMANN
    * CONVERTIBLE LOANS WILL SATISFY THE COMPANY'S FINANCING
NEED FOR
THE COMING EIGHT MONTHS, ALLOWING HEXICON TO DIVEST SELECTED
PROJECT RIGHTS
    * TOTAL NOMINAL VALUE OF CONVERTIBLE LOANS AMOUNTS TO SEK
82.5
MILLION
    * INTEREST RATE AMOUNTS TO 12% PER ANNUM

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNsz3rJ
 Further company coverage:  HEXI.ST  
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))