AURES Technologies S.A. announced a private placement of 800,000 convertible bonds at a price of ?4 per bond for a nominal amount of ?3.2 million on October 13, 2023. The transaction will include participation from new investor Advantech Co., Ltd. The bonds carry a coupon rate of 4% and will mature on October 12, 2025. The bonds are convertible into common shares and have a term period of 2 years from the issue date of the 2023 bonds.

Advantech Co., Ltd. is to be appointed as a non-voting member of the Board of Directors subject to the amendment to the Articles of Association to be submitted to a forthcoming General Meeting.