Brief: Median Technologies Signs EUR 35 Million Finance Contract With EIB

Median Technologies SA

18/12/2019 17:13

Dec 18 (Reuters) - MEDIAN TECHNOLOGIES SA  ALMDT.PA :
    * MEDIAN TECHNOLOGIES ANNOUNCES THE SIGNING OF A € 35
MILLION
FINANCE CONTRACT WITH THE EUROPEAN INVESTMENT BANK (EIB)
    * EXPECTS DISBURSEMENT OF FIRST TRANCHE OF EUR 15 MILLION
DURING
FIRST SEMESTER OF 2020
    * CONTRACT PROVIDES FOR DISBURSEMENT OF SECOND AND THIRD
TRANCHES
(OF EUR 10 MILLION EACH) IN COMING YEARS
    * WILL ISSUE 800,000 WARRANTS FOR BENEFIT OF EIB ON DATE OF
DISBURSEMENT OF FIRST TRANCHE
    * THIS FINANCE CONTRACT WILL ENABLE MEDIAN TECHNOLOGIES TO
ACCELERATE ITS INVESTMENT PROGRAM FOR IBIOPSY IMAGING PHENOMICS
PLATFORM
    * LIFESPAN OF THESE WARRANTS IS 15 YEARS
    * OBJECTIVE TO SUPPORT RESEARCH AND INNOVATION PROJECTS
DEVELOPED
BY COMPANIES WITH SUBSTANTIAL GROWTH POTENTIAL

Source text for Eikon:  ID:nBwbvc0wka 
Further company coverage:  ALMDT.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com;))