Brief: OTI Greentech Gets First Commitments From Creditors To Convert Loans Into Shares
31/05/2019 17:27
May 31 (Reuters) - OTI Greentech AG NSAK.D :
* DGAP-ADHOC: OTI GREENTECH AG: OTI GREENTECH RECEIVED FIRST COMMITMENTS FROM CREDITORS TO
CONVERT
THEIR LOANS INTO SHARES OF OTI GREENTECH AG
* COMMITMENTS ACCOUNT FOR 48% OF TOTAL PRINCIPAL LOAN AMOUNT OF AROUND EUR 2.4 MILLION
* CONVERSION IS TO TAKE PLACE IN A RATIO OF EUR 1 DEBT TO EUR 1 EQUITY
* CONVERSION IS EXPECTED TO BE COMPLETED LATEST BY 15 JULY 2019
Source text for Eikon: ID:nEQbLQdsma
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