Brief: Paion And Yorkville Sign Agreement On Issue Of Convertible Notes

PAION AG

30/08/2019 09:50

Aug 30 (Reuters) - PAION AG  PA8G.DE :
    * SIGNS AGREEMENT WITH YORKVILLE ABOUT THE ISSUE OF
CONVERTIBLE
NOTES OF UP TO EUR 15 MILLION
    * FIRST TRANCHE OF EUR 5 MILLION EACH IS EXPECTED TO BE
DRAWN
SHORTLY
    * UNSECURED CONVERTIBLE NOTES EACH HAVE A TERM OF 15 MONTHS
    * YORKVILLE IS OBLIGATED TO BUY CONVERTIBLE NOTES IN A TOTAL
NOMINAL AMOUNT OF UP TO EUR 15 MILLION AT AN ISSUE PRICE
CORRESPONDING TO 95% OF NOMINAL AMOUNT UNTIL JUNE 2022

Source text for Eikon:  ID:nEQ1GqC3Va 
Further company coverage:  PA8G.DE 

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