May 31, 2017 / 5:28 AM / 2 months ago

BRIEF-Esperite (ESP) has concluded new agreements with its note holders

1 Min Read

May 31 (Reuters) - ESPERITE NV:

* Has Concluded New Agreements With Its Note Holders

* EDUCE CAPITAL AND FREDERIC AMAR, HAVE AGREED THEIR NOTES, FOR A TOTAL AMOUNT OF EUR 3'125'000, TO BE REPAID BY ISSUANCE OF NEW UNSECURED CONVERTIBLE LOANS​

* ‍NEW NOTES WILL MATURE ON 31 DECEMBER 2019, UNLESS EARLIER CONVERTED OR REPURCHASED, THEY WILL NOT BE LISTED AND ARE SUBJECT TO SHAREHOLDERS APPROVAL​

* BOARD HAS ON MAY 26, 2017 PROPOSES AND NEGOTIATES POSSIBLE ISSUANCE OF NEW NOTES TO REPAY NOTE HOLDERS

* NEW NOTES ‍CONVERTIBLE INTO ESPERITE SHARES ACCORDING TO INITIAL SCHEDULE OF PREVIOUS NOTES, UNTIL MATURITY AT AN INITIAL CONVERSION PRICE OF EUR 0.45​

* NEW UNSECURED CONVERTIBLE LOAN NOTES WILL BEAR INTEREST AT A RATE OF 7% PER YEAR, PAYABLE ANNUALLY IN ARREARS ON 31 DECEMBER Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below