Brief: Sensorion Issues EUR 4.7 Million Nominal Bond Issue

Sensorion SA

11/03/2019 06:43

March 11 (Reuters) - Sensorion SA  ALSEN.PA :
    * STRENGTHENS ITS FINANCIAL STRUCTURE BY ISSUING A EUR 4.7 MILLION NOMINAL
BOND
ISSUE SUBSCRIBED BY NEW EUROPEAN INVESTORS AND MANAGEMENT
    * BPIFRANCE HAS SELECTED SENSORION FOR ITS PROGRAM "HUB HEALTH TECH"
    * BOND ISSUE CONSISTS OF ONE (I) CONVERTIBLE BOND ISSUE1 FOR A NOMINAL
AMOUNT OF
€3,4 MILLION SUBSCRIBED BY SEVERAL NEW EUROPEAN INVESTORS
    * BOND ISSUE ALSO FOR A NOMINAL AMOUNT OF €1.3 MILLION SUBSCRIBED BY THESE
SAME
EUROPEAN INVESTORS FOR AN AMOUNT OF €1 MILLION
    * AND THE BALANCE BY THE COMPANY'S MANAGEMENT, MR. PATRICK LANGLOIS,
CHAIRMAN OF
THE BOARD OF DIRECTORS AND MS. NAWAL OUZREN, CEO
    * PROCEEDS OF BOND ISSUE ARE INTENDED TO FINANCE EXPENSES, OVERHEAD COSTS,
DEVELOPMENT OF CO PRODUCTS UNTIL NEXT 2019 MILESTONE
    * CONVERTIBLE BONDS AND BONDS WERE SUBSCRIBED AT 93% OF THEIR NOMINAL VALUE,
WILL
BE NON-INTEREST BEARING AND WILL MATURE ON MARCH 7, 2021.

Source text for Eikon:  ID:nBw4Nnbf4a 
Further company coverage:  ALSEN.PA 

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