Brief: Navya: Closing of Bond Issue Subscription By ESMO Corporation For EUR 20 Million

Navya SA

20/02/2020 18:03

Feb 20 (Reuters) - NAVYA SA  NAVYA.PA :
    * ANNOUNCES THE CLOSING OF THE BOND ISSUE SUBSCRIBED BY ESMO
CORPORATION FOR AN AMOUNT OF EUR 20 MILLION
    * ANNOUNCES SUBSCRIPTION BY ESMO CORPORATION OF REMAINING 10
ORNANE (BONDS REPAYABLE IN CASH AND/OR INTO NEW AND/OR EXISTING
SHARES) FOR AN AMOUNT OF EUR 10 MILLION
    * SUBSCRIPTION OF 10 ORNANE BONDS OF FIRST TRANCHE OF BOND
ISSUE
BY ESMO CORPORATION FOR AN AMOUNT OF EUR 10 MILLION TOOK PLACE
ON SEPTEMBER 30, 2019
    * ALL 20 BONDS SUBSCRIBED BY SOUTH-KOREAN COMPANY WILL BE
ASSIMILATED AND GOVERNED BY SAME TERMS AND CONDITIONS
    * ON OCCASION OF CLOSING, ESMO CORPORATION TRANSFERRED
EXCLUSIVE
OPERATIONAL SUPPORT AND DISTRIBUTION OF NAVYA PRODUCTS IN JAPAN
TO JAPANESE GROUP MACNICA
    * ESMO CORPORATION REMAINS EXCLUSIVE DISTRIBUTOR OF NAVYA IN
CHINA
AND SOUTH KOREA

Source text for Eikon:  ID:nBw1XbpKxa 
Further company coverage:  NAVYA.PA 

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