SA Catana Group (ENXTPA:CATG) announced private placement of 380 convertible bonds with redeemable share subscription at €10,000 per bond for maximum gross proceeds of €3,800,000 on January 8, 2016. The company will also issue warrants in the transaction exercisable for five years. The transaction will occur over three years.

This transaction can be completed by a capital increase of a maximum of €7,600,000 through the exercise of warrants attached to the convertible bonds. The board of directors has approved the transaction. The bonds will be issued at par with maturity of 18 months from issue.

The bonds and warrants will be transferable.