Brief: Hoylu Carries Out SEK 7.1 Mln Convertible Loan Notes Issue, Enters Into Loan Agreement

Hoylu AB

02/05/2022 07:43

May 2 (Reuters) - Hoylu AB  HOYLU.ST :
    * HOYLU AB (PUBL) CARRIES OUT A SEK 7.1 MILLION CONVERTIBLE
LOAN
NOTES ISSUE AND ENTERS INTO LOAN AGREEMENT WITH BAKLID INVEST AS
    * RESOLVED TO RAISE A LOAN FROM BAKLID INVEST AS AMOUNTING
TO SEK
3,000,000 WITH A 6 PER CENT INTEREST PER ANNUM
    * CONVERTIBLE LOAN NOTES MATURE ON OCTOBER 31, 2022
    * CONVERTIBLE LOAN NOTES CARRY ANNUAL INTEREST RATE OF SIX
(6) PER
CENT
    * UPON ON FULL CONVERSION OF CONVERTIBLE LOAN NOTES SHARE
CAPITAL
WILL INCREASE BY ABOUT SEK 585,724 BY ISSUE OF 7.1 MILLION NEW
SHARES
    * CONVERSION OF NOTES TO HAVE DILUTION EFFECT OF ABOUT 7.2%

Source text for Eikon:  ID:nGNE7dSPX7 
Further company coverage:  HOYLU.ST 

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