By Laura Lutz
Des Moines, Nov. 22 - Aspocomp Group Oyj's board plans to conduct a private placement of a convertible debenture loan for €10.3 million.
The 5.75% debenture will have a maturity of five years. It is convertible into up to 4,006,700 shares at €2.5707 per share.
Settlement is expected on Dec. 1.
OKO Bank plc managed the placement.
Proceeds will be used for potential acquisitions and general corporate purposes.
Based in Helsinki, Finland, Aspocomp provides services for electronics manufacturers.
| Issuer: | Aspocomp Group Oyj
|
| Issue: | Convertible debenture loan
|
| Amount: | €10.3 million
|
| Maturity: | Five years
|
| Coupon: | 5.75%
|
| Price: | Par
|
| Yield: | 5.75%
|
| Conversion ratio: | Into 4,006,700 shares
|
| Conversion rate: | €2.5707 per share
|
| Warrants: | No
|
| Manager: | OKO Bank plc
|
| Pricing date: | Nov. 22
|
| Settlement date: | Dec. 1
|
| Stock symbol: | Helsinki: ACG1V
|
| Stock price: | €2.13 at close Nov. 22
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
