Brief: MND Announces Lifting Of Main Conditions Precedent On Capital Increase, Financing Agreement

Montagne et Neige Developpement SA

03/02/2023 07:15

Feb 3 (Reuters) - Montagne et Neige Developpement SA
 ALMND.PA :
    * LIFTING OF MAIN CONDITIONS PRECEDENT RELATING TO AGREEMENT
ON
CAPITAL INCREASE, FINANCING OF MND GROUP
    * SUBJECT TO APPROVAL ON MARCH 10, 2023, RESERVED CAPITAL
INCREASE
WOULD BE CARRIED OUT AT UNIT PRICE OF €2.00 PER SHARE
    * MND HAS FORMALIZED EXTENSION OF MATURITY OF €18 MILLION
LOAN
GRANTED BY FRENCH STATE IN AUGUST 2020
    * THE €18 MILLION LOAN WILL BE AMORTIZED FROM JULY 2025
UNTIL JULY
2029 WITHOUT ANY CHANGE IN OTHER TERMS

Source text for Eikon:  ID:nNDL1ScMlG 
Further company coverage:  ALMND.PA 
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