July 12, 2017 / 5:40 AM / 14 days ago

BRIEF-OpenLimit Holding concludes convertible loan

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July 12 (Reuters) - OPENLIMIT HOLDING AG:

* SAID ON TUESDAY CONCLUDES CONVERTIBLE LOANS WORTH OVER EUR 180,000 FOR REFINANCING PURPOSES

* LOAN HAS TERM UP TO JULY 10, 2018 AND CAN BE EXTENDED BY ONE YEAR BY MUTUAL AGREEMENT

* REPAYMENT CLAIM CAN BE CONVERTED BY THE BORROWER TO 472,440 SHARES OF THE COMPANY (EXERCISE PRICE EUR 0.3810 PER SHARE) AT ANY TIME DURING THE TERM OF THE WALL LOAN

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Further company coverage: (Gdynia Newsroom)

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