Brief: Implanet Sets Up Bond Financing Line

Implanet SA

12/11/2018 06:20

Nov 12 (Reuters) - IMPLANET SA  ALIMP.PA :
    * ANNOUNCED ON FRIDAY SET-UP OF BOND FINANCING LINE
    * MAXIMUM VALUE OF BOND FINANCING IS EUR 1.0 MLN
    * NICE & GREEN, ACTING AS SPECIALIZED INVESTOR, TO SUBSCRIBE
TO 16
CONVERTIBLE BONDS OF NOMINAL VALUE OF EUR 50,000 EACH FOR A
PERIOD OF 5 MONTHS
    * BONDS, SUBSCRIBED AT 98% OF PAR, BEAR NO INTEREST AND HAVE
MATURITY OF 12 MONTHS
    * NICE & GREEN HAS OPTION TO REQUEST TO ISSUE FOR ITS
BENEFIT, AT
ANY TIME UNTIL MARCH 31, 2019, AN ADDITIONAL TRANCHE OF 4
CONVERTIBLE BONDS
    * NEW FINANCING SUSPENDS PREVIOUS CONVERTIBLE BOND PROGRAM
PROVIDED BY EUROPEAN SELECT GROWTH OPPORTUNITIES FUND

    
 Source text: https://bit.ly/2zJBY47    
 Further company coverage:  ALIMP.PA  
   


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