Brief: Neovacs Sets Up Management Trust To Manage Pharnext Securities Issued, Rights And Obligations Of Neovacs

Pharnext SCA

31/10/2022 17:40

Oct 31 (Reuters) - Pharnext Sa  PHARN.PA :
    * PHARNEXT ANNOUNCES THAT NEOVACS HAS SET-UP A MANAGEMENT
TRUST TO
MANAGE THE PHARNEXT SECURITIES ISSUED AND THE RIGHTS AND
OBLIGATIONS OF NEOVACS UNDER THE FINANCING AGREEMENT SIGNED ON
SEPTEMBER 30TH,
    * NEOVACS IS SETTING UP A MANAGEMENT TRUST ( "TRUST"), WITH
EQUITIS GESTION AS TRUSTEE, OF WHICH IT IS BOTH SETTLOR AND
BENEFICIARY, TO MANAGE ITS RIGHTS AND OBLIGATIONS
    * UNDER THIS AGREEMENT, TRUST IS TRANSFERRED ALL OF NEOVACS'
RIGHTS AND OBLIGATIONS UNDER OBSA AGREEMENT, OUTSTANDING
WARRANTS, SIMPLE BONDS AND SHARE PURCHASE WARRANTS HELD BY
NEOVACS, NEOVACS' RECEIVABLES FROM PHARNEXT TO BE EQUITIZED, AS
WELL AS SECURITY INTERESTS GRANTED TO NEOVACS BY PHARNEXT

Source text for Eikon:  ID:nEQ8zbM1Ba 
Further company coverage:  PHARN.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))