Brief: Element: Agreement On Conversion Of 31 Convertible Notes

Univid ASA

16/08/2019 15:16

Aug 16 (Reuters) - Element ASA  ELEM.OL :
    * AGREED WITH EUROPEAN HIGH GROWTH OPPORTUNITIES SECURITIZATION FUND MANCO SA TO CONVERT 31
CONVERTIBLE NOTES
    * CONVERSION AMOUNT OF 31 CONVERTIBLE NOTES IS NOK 3,100,000
    * NOTES TO BE CONVERTED INTO 1,937,500 SHARES AT PAR VALUE NOK 1.60
    * DISPUTE REGARDING A POTENTIAL CONTRACTUAL PENALTY IN AMOUNT OF UP TO NOK 601,369 HAS BEEN
AGREED
TO BE SETTLED

Source text for Eikon:  ID:nObibp3HZa 
Further company coverage:  ELEM.OL 

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