Brief: Konsolidator Enters Convertible Loan Agreement With Formue Nord

Konsolidator A/S

21/07/2021 07:43

July 21 (Reuters) - Konsolidator A/S  KONSOL.CO :
    * REG- KONSOLIDATOR ENTERS CONVERTIBLE LOAN AGREEMENT WITH
FORMUE
NORD TO SECURE FUNDING FOR FUTURE GROWTH
    * INTENDS TO USE PROCEEDS TO EXPAND SALES TEAM
    * LOAN AGREEMENT INVOLVES A CONVERTIBLE LOAN WITH A
PRINCIPAL
AMOUNT OF DKK 25 MILLION FROM FORMUE NORD TO KONSOLIDATOR.
    * LOAN WILL BE DISBURSED IN ONE INSTALLMENT AND AVAILABLE TO
KONSOLIDATOR ON SEPTEMBER 1(ST) 2021
    * PARTS OF PROCEEDS WILL BE ALLOCATED TO, AMONG
OTHERS,EXPANSION
OF DEVELOPMENT TEAM INTO POLAND
    * LOAN PROVIDES RIGHT FOR FORMUE NORD TO CONVERT LOAN, IN
WHOLE OR
IN PART, INTO SHARES IN CO AT DKK 25.00 PER SHARE

Source text for Eikon:  ID:nGNE637B2Q 
Further company coverage:  KONSOL.CO 

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