Brief: Ki Group Holding Subscribes Investment Agreement With Negma Group For Convertible Bond For Up To EUR 20 Mln

Ki Holding SpA

22/06/2022 06:41

June 22 (Reuters) - Ki Group Holding SpA  KI.MI :
    * SAID ON TUESDAY IT HAD SUBSCRIBED INVESTMENT AGREEMENT
WITH
NEGMA GROUP LIMITED FOR A BOND, CONVERTIBLE INTO ORDINARY SHARES
CUM WARRANTS FOR UP TO EUR 20 MLN
    * TERM WILL BE 24 MONTHS, BONDS WILL BE CONVERTIBLE AT A
CONVERSION PRICE EQUAL TO 93% OF LOWEST VOLUME WEIGHTED AVERAGE
PRICE
    * OBJECTIVE OF SIGNING OF AGREEMENT IS TO ENABLE KI GROUP TO
DEVELOP ITS STRATEGY OF INVESTMENT, WHICH INCLUDES THE EVOLUTION
OF THE COMPANY TOWARDS A FINANCIAL HOLDING STRUCTURE, WITH A
STRONG LOCALIZATION ON PRIVATE INVESTMENT IN PUBLIC EQUITY AND
PRIVATE EQUITY OPERATIONS


 Further company coverage:  KI.MI  

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