DeZwarteRidder schreef op 14 november 2019 08:29:
In 2019 year-to-date,Yorkville has converted a total of EUR 3.7 million notes into equity. A total of 4,780,552 new shares have been issued in 2019 year-to-date. Under the terms of the agreement with Yorkville, the number of shares to be issued upon conversion of all convertible notes of the first tranche should initially not exceed 2.75 million shares. Any excess entitlement on the basis of the conversion ratio will be settled in cash unless the Company elects to settle such excess in shares. On July 31, 2019,the limit of 2.75 million shares was exceeded by a further conversion note by Yorkville. On August 1, 2019,the Company opted to settle its obligations resulting from this conversion notices fully in shares, thereby exercising its right under the agreement with Yorkville to settle the excess beyond the First Tranche Share Issue Cap in shares. The Company also intends to elect settlement fully in shares withrespect toany further conversion of the remaining notes held by Yorkville. For further details on the Yorkville convertible notes facility, please also see the “Convertibles” section under:
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