Brief: Nextbike Polska Signs Investment Agreement And Settlement With Alior Bank

Larq SA

18/11/2019 11:47

Nov 18 (Reuters) - Nextbike Polska SA  NXB.WA :
    * SAID ON SATURDAY THAT THE COMPANY HAS SIGNED INVESTMENT
AGREEMENT WITH NEXTBIKE GE, LARQ S.A. AND LARQ GROWTH I FUNDUSZ
INWESTYCYJNY ZAMKNIETY 
    * THE PARTIES AGREED THE CONDITIONS OF THE DEAL BY RAISING
SHARE
CAPITAL VIA PRIVATE ISSUE OF 150,00 E SERIES SHARES AND 415,000
OF F SERIES SHARES 
    * E AND F SERIES SHARES WILL BE OFFERED IN PRIVATE
SUBSCRIPTION TO
THE NEXTBIKE GMBH FOR 11 MILLION ZLOTYS
    * FOLLOWING THE TRANSACTION NEXTBIKE GMBH WILL HOLD 45.1%
STAKE IN
THE COMPANY 
    * AFTER THE TRANSACTION LARQ AND LARQ GROWTH I FIZ WILL HOLD
45%
STAKE IN THE COMPANY
    * SAID HAS ALSO SIGNED SETTLEMENT WITH ALIOR BANK IN
CONNECTION
WITH DEBT RESTRUCTURING PROCESS UNDER WHICH THE BANK HAS AGREED
TO DEFER REPAYMENT OF REVOLVING LOAN FROM JULY 10, 2016 TO
NOVEMBER 14, 2025 AND REVOLVING LOAN FROM SEPTEMBER 21, 2016
TILL JULY 2021
    

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM8yp4Sha
    
 Further company coverage:  NXB.WA  
   


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