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Brief: Anoto Gets $24 Mln Convertible Loan Deal

Oct 13 (Reuters) - Anoto Group AB ANOT.ST:

SAID ON FRIDAY CO SECURES USD 24 MLN CONVERTIBLE LOAN DEAL TO SUPPORT BUSINESS PLAN

LENDERS MAY CONVERT DEBT TO SHARES AT SEK 0.06, WITH MANDATORY CONVERSION IF AT LEAST USD 3 MLN IS RAISED AT SEK 0.12 OR MORE

LOAN DEAL CARRIES AN ANNUAL INTEREST RATE OF 8% AND MATURES ON 1 OCTOBER 2027, UNLESS CONVERTED EARLIER

 Source text for Workspace: nNDL3mFVy6
 Further company coverage: ANOT.ST

 (Gdansk Newsroom)

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