Clean energy company Valoe Oyj (HEL:VALOE) reported on Tuesday the resolution by its board of directors, under the terms and conditions of the financing arrangement between Valoe and Winance announced on 20 December 2018, to approve the request of Winance to convert a proportion of EUR 20,000 of the convertible notes to the shares in the company at conversion price
of EUR0.08 per share.
b) eliminating the condition that the Debentures be redeemable by IOU only when the current market price is 125% of the conversion price
The Company recently eliminated over $2.3M of secured convertible notes due November 17, 2019 pursuant to an agreement by which the notes were converted into an aggregate of 942,432 shares of underlying common stock at a conversion price
equal to $2.48 per share.
The Debentures will be convertible at the holder's option into common shares of the Corporation (the "Shares") at any time prior to the earlier of the Maturity Date and the date fixed for redemption at a conversion price
of $15.00 per Share (the "Conversion Price
"), subject to adjustment in certain circumstances.
The Company has the option to get the outstanding principal as well as any accrued and unpaid markup converted into equity if WRLD issues and sells its equity shares to investors while this Note remains outstanding at a conversion price
equal to 70% of the price paid per share for equity securities by such investors,' read the notification.
- Initial Conversion Price
of HK$1.58 per Conversion Share represents a 18.4% premium of the average closing price as of the past 10 consecutive trading days;
As per the terms of the issuance, the conversion price
was OMR 0.121, calculated at a 20 per cent discount on the weighted average closing price of Bank Sohar's shares for the three months prior to 28 April 2017.
This investment will be in the form of convertible perpetual preferred stock with a conversion price
of $5.00 per share and a dividend that accrues, or is payable at Avon's option under certain circumstances in common shares or cash, at a rate of 5% a year.
The loan may be converted, at the option of the lenders, into Atlas Mining common shares at the conversion price
of P8.2946 per share (subject to adjustments as provided under the loan agreements.
The conversion price
for the bonds is P624.625 a share.
DSI will also increase its share capital by issuing bonds amounting to Dh55 million to enter strategic partner where the conversion price
is the market price for the shares at the date of conversion.