DGAP-Adhoc: ICHOR Coal N.V.: Redemption of convertible bonds
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DGAP-Ad-hoc: ICHOR Coal N.V. / Key word(s): Bond/Miscellaneous Publication of Insider Information according to Article 17 MAR as of 24 June 2019 Redemption of convertible bonds Accordingly, the company has taken the following actions in relation to the redemption of the bonds: 1. Obtained confirmation from Tennor Holding B.V. (Tennor), the majority shareholder in the company, that Tennor has executed a number of transactions which have brought their total bondholding to [not less than] EUR34.5m. 2. Executed an irrevocable undertaking by Tennor to convert its entire bondholding into common shares of the company at an issue price of EUR0.10 per share. 3. Concluded a subordinated shareholder loan agreement with Tennor for such amount taken together with the company's available cash resources as to place the company in a position to redeem all outstanding bonds other than those owned by Tennor at 100% of their nominal amount, together with accrued interest until the date of redemption.
Ichor Coal N.V. Notifying Person:
24-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | ICHOR Coal N.V. |
30 Jellicoe Avenue | |
Rosebank | |
South Africa | |
Phone: | +27 (11) 268 1100 |
E-mail: | [email protected] |
Internet: | www.ichorcoal.de |
ISIN: | NL0010022307 |
WKN: | A1JQEX |
Listed: | Regulated Unofficial Market in Frankfurt (Basic Board), Hamburg, Stuttgart |
EQS News ID: | 829409 |
End of Announcement | DGAP News Service |
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829409 24-Jun-2019 CET/CEST
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