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NST - Nestmedic SA News Story

PLN1.53 0.0  0.0%

Last Trade - 03/12/21

Sector
Healthcare
Size
Micro Cap
Market Cap £2.83m
Enterprise Value £2.73m
Revenue £122k
Position in Universe 727th / 804

BRIEF-Nestmedic Signs Cooperation Deal With Deutsche Balaton Aktiengesellschaft

Thu 11th July, 2019 9:24am
June 11 (Reuters) - Nestmedic SA  NSTP.WA :
    * SAID ON WEDNESDAY IT HAS SIGNED A COOPERATION DEAL WITH
DEUTSCHE
BALATON AKTIENGESELLSCHAFT (INVESTOR) FOLLOWING THE COMPLETION
OF NEGOTIATION PROCESS   
    * UNDER DEAL THE INVESTOR UNDERTAKES TO INVEST ABOUT 8.6
MILLION
ZLOTYS BY ACQUISITION OF BONDS CONVERTIBLE TO NEW SHARES FOR 4.3
MILLION ZLOTYS IN TOTAL   
    * THE BONDHOLDER WILL BE ENTITLED TO CONVERT THE BONDS TO
SHARES
AT EXCHANGE PARITY ONE BOND PER 100 SHARES AT 1.50 ZLOTY PER
SHARE
    * THE DEAL ALSO PROVIDES FOR THE ISSUE OF 2.9 MILLION
SUBSCRIPTION
WARRANTS, WHICH THE INVESTOR WILL BE ENTITLED TO CONVERT TO THE
SAME NUMBER OF COMPANY'S SHARES AT 1.50 ZLOTY PER SHARE
    * THE INVESTOR WILL BE ENTITLED TO CONVERT THE SUBSCRIPTION
WARRANTS TO SHARES ON CONDITION THAT IT CONCLUDES AT LEAST A
TOTAL OF 585 SALES AND LEASE DEALS OF PREGNABIT DEVICE
    * UNDER DEAL THE COMPANY ALSO UNDERTAKES TO TAKE ALL ACTIONS
AIMING AT LISTING IT ON THE GERMAN MARKET (DUAL LISTING)        

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbpQDXca
    
 Further company coverage:  NSTP.WA  
   


 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))
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