January 23, 2020 / 6:36 AM / a month ago

BRIEF-Netweek Says Second Tranche Of Convertible Bond Fully Converted, Issues Third Tranche

Jan 23 (Reuters) - Netweek SpA:

* SAID ON WEDNESDAY THAT SECOND TRANCHE OF CONVERTIBLE BOND 2019-2021 HAD BEEN CONVERTED IN FULL

* ATLAS SPECIAL OPPORTUNITIES CONVERTED 26 NOTES FOR EUR 260,000

* ATLAS SPECIAL OPPORTUNITIES ALSO SUBSCRIBED THIRD TRANCHE OF CONVERTIBLE BOND EQUAL TO EUR 400,000 FOR UP TO EUR 2.8 MLN

* ISSUE OF THIRD TRANCHE PROVIDES FOR SUBSCRIPTION OF 40 NOTES AT UNIT VALUE OF EUR 10 EACH

* NOTES BEAR 2% ANNUAL INTEREST

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Further company coverage: (Gdansk Newsroom)

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