Financing Through Convertible Bonds Of Up To EUR 25 Mln

NAGA AG

09/03/2021 07:28

March 9(Reuters) - NAGA GROUP AG  N4G.DE :
    * SAID ON MONDAY IT CONCLUDED A FRAMEWORK AGREEMENT ON
FINANCING
THROUGH CONVERTIBLE BONDS OF UP TO EUR 25 MILLION
    * AGREEMENT FOR A THREE-YEAR TIMEFRAME
    * YORKVILLE ADVISORS GLOBAL LP UNDERTAKES TO SUBSCRIBE TO
THE
CONVERTIBLE BONDS ISSUED BY THE NAGA GROUP AG UNDER CERTAIN
CONDITIONS
    * TO ISSUE THE FIRST TRANCHE OF CONVERTIBLE BONDS WITH A
VOLUME OF
EUR 8 MILLION
    * CONVERTIBLE BOND WILL BE DIVIDED INTO UP TO 8,000 BEARER
BONDS
WITH A NOMINAL VALUE OF EUR 1,000 EACH
    * SUBSCRIPTION RATIO IS 5,114: 1
    * ISSUE PRICE PER BOND IS EUR 950.00 PER BOND

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