Brief: Mantex Raises SEK 5 Mln Loan For Contribution In Joint Venture

Mantex AB

25/03/2024 07:38

March 25 (Reuters) - Mantex AB  MANTEX.ST :
    * SAID ON FRIDAY CO RAISES SEK 5 MLN LOAN FROM BOARD MEMBER
AND
MAIN SHAREHOLDER FOR CAPITAL CONTRIBUTION TO ANDRITZ
TECHNOLOGIES AB
    * MANTEX AND ANDRITZ ARE JOINTLY INVESTING SEK 8.9 MLN IN
THEIR
JOINT VENTURE, WITH MANTEX PROVIDING SEK 4.4 MLN 
    * MANTEX IS FUNDING ITS PART WITH A SEK 5 MILLION LOAN FROM
BOARD
MEMBER AND MAJOR OWNER HÅKAN JOHANSSON AT 5% INTEREST
    * LOAN MUST BE REPAID NO LATER THAN MAY 31, 2026
    * MANTEX IS ENTITLED TO REPAY THE LOAN IN FULL OR IN PART IN
ADVANCE WITH CASH OR WITH SHARES THROUGH SET-OFF

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nMFN6llcCW
 Further company coverage:  MANTEX.ST  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))