The convertible loan was taken by PHI to bridge the consequences of the COVID-19 pandemic in
- Conversion rates:
11.90 SEK per new share untilMay 2, 2023 (last day in the exercise period for warrants of series TO 3) and15.45 SEK per new share fromMay 3, 2023 , untilOctober 16, 2024 . - Conversion period: The convertible holder is entitled from the date of payment to
October 16, 2024, to convert the loan into shares. - Maturity: If the entire loan is not converted, repayment and interest must occur no later than
October 16, 2024 . The Company has the right to repay all or part of the convertible loan until the due date, after whichAltium can accept repayment or request conversion according to the above conversion rates. - Interest: The convertibles run at a quarterly interest rate of 3%.
"The acquisition certainly shows Altiums's long-term commitment as a shareholder but also as our sales and marketing partner," states PHI CEO
This disclosure contains information that
For additional information, please contact:
E-mail: ir@phiab.com
Web: www.phiab.com - Live cell imaging & analysis
https://news.cision.com/phase-holographic/r/major-shareholder-acquires-phi-s-convertible-loan-from-formue-nord,c3863300
https://mb.cision.com/Main/11597/3863300/2389625.pdf
(c) 2023 Cision. All rights reserved., source