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- Targovax ASA: Requested Conversion of Convertible Bonds
Targovax ASA: Requested Conversion of Convertible Bonds
30 Mar 2023 11:11 CEST
Reference is made to Targovax ASA's (the "Company") stock exchange announcement
on 9 March 2023, in which the Company announced that it had requested Atlas
Special Opportunities, LLC ("Atlas") to subscribe and pay for the first tranche
of convertible bonds under the Investment Agreement entered into between Atlas
and the Company, consisting of 15 convertible bonds.
Atlas has today, by a notice of conversion issued to Nordic Trustee AS,
requested conversion of convertible bonds with a nominal value of NOK 2,500,000
which, pursuant to the bond terms, are convertible into 4,026,629 new shares in
the Company at a conversion price of NOK 0.620867.
The Company's share capital will accordingly be increased by NOK 402,662.90 by
the issuance of 4,026,629 new shares upon completion of the conversion by
registration of the share capital increase in the Norwegian Register of Business
Enterprises (Nw.: Foretaksregisteret). Following the conversion, the Company's
total share capital will be NOK 19,260,420.10, divided into 192,604,201 shares,
each with a nominal value of NOK 0.10.
For further information, please contact:
Erik Digman Wiklund, CEO
Phone: +47 413 33 536
Email: erik.wiklund@targovax.com
Renate Birkeli, Investor Relations
Phone: +47 922 61 624
Email: renate.birkeli@targovax.com
Media enquires:
Andreas Tinglum - Corporate Communications (Norway)
Phone: +47 9300 1773
Email: andreas.tinglum@corpcom.no
More information:
Access the news on Oslo Bors NewsWeb site
Source
Targovax ASA
Provider
Oslo Børs Newspoint
Company Name
TARGOVAX
ISIN
NO0010689326, NO0013033795
Symbol
TRVX
Market
Oslo Børs