Brief: Esmo Corp To Become 2nd Largest Shareholder Of Navya

Navya SA

28/06/2019 08:10

June 28 (Reuters) - NAVYA SAS  NAVYA.PA :
    * NAVYA SIGNED A MEMORANDUM OF UNDERSTANDING WITH ESMO CORPORATION TO BUILD A STRATEGIC
PARTNERSHIP TO ADDRESS THE NORTH EAST ASIA MARKET
    * COMMITMENT BY ESMO CORPORATION TO SUBSCRIBE TO BONDS REPAYABLE IN CASH OR INTO NEW OR
EXISTING
SHARES (ORNANE) FOR A TOTAL CONSIDERATION OF EUR 20 MILLION
    * UPON CONVERSION OF BONDS, ESMO CORPORATION WOULD BECOME SECOND LARGEST SHAREHOLDER OF
NAVYA,
HOLDING APPROXIMATELY 20% OF NAVYA SHARE CAPITAL
    * FUNDS WILL BE RECEIVED AND BONDS SHALL BE ISSUED WITHIN 5 BUSINESS DAYS
    * NAVYA AND ESMO CORPORATION SIGNED MOU FOR OPERATIONAL SUPPORT AND DISTRIBUTION OF NAVYA
PRODUCTS
IN EXCLUSIVITY FOR SOUTH KOREA; AND IN JAPAN AND CHINA

Source text for Eikon:  ID:nBwCmhKWa 
Further company coverage:  NAVYA.PA 

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