Amoéba S.A. has announced that it has entered into an agreement for a private placement of 480 convertible bonds at an issue price of €48,000 each for gross proceeds of €23,040,000 on December 16, 2020. The transaction will include participation from Nice & Green SA. The bonds will have a nominal value of €50,000 each.

The bonds will be subscribed at a unit price equal to 96% of their nominal value, i.e., €48,000 each. The bonds will be issued in tranches quarterly with the first 6 tranches consisting of 60 bonds; 1 tranche composed of 40 bonds; and an additional optional tranche of 80 bonds. The bonds will be non-interest bearing and will have a maturity of 12 months from the date of issue.

Except in the event of an event of default and subject to the provisions below relating to the conversion of the bonds, the matured and unconverted bonds will be converted into shares on a mandatory basis.