Brief: Ngenic Decides On Directed Issuance Of Convertibles

Ngenic AB (publ)

31/05/2023 13:06

May 31 (Reuters) - Ngenic AB  NGENIC.ST :
    * SAID ON TUESDAY BOD DECIDED TO RAISE CONVERTIBLE LOAN OF
SEK
10.2 MLN FROM EXISTING SHAREHOLDERS, NEW INVESTORS
    * CONVERTIBLE LOAN, ACCRUED INTEREST DUE FOR PAYMENT ON 31
DECEMBER 2024 TO EXTENT THAT CONVERSION HAS NOT TAKEN PLACE
BEFORE THEN
    * CONVERSION RATE MUST NOT FALL BELOW SEK 14 OR EXCEED SEK
25
    * CONVERTIBLE LOAN RUNS WITH FIXED ANNUAL INTEREST RATE OF
10%


        
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