Vergnet SA (ENXTPA:ALVER) announced a private placement of 22 convertible bonds at a price of €990,000 per bond for gross proceeds of €21,780,000 on May 22, 2017. The transaction included participation from institutional investor. The transaction has been approved by the 13th resolution taken at the general shareholders. The bonds will mature on April 17, 2019 and will carry no coupon rate.