Gaston Geenslaan 14
3001 Leuven, be
+32 (16) 317411
Option secures € 9 million in funding
The 5-year convertible bond matures in March 2018, and can be converted into 31,034,483 new shares of Option N.V. The convertible bond has an annual interest rate of 5% with an initial conversion price of € 0.285 which is the average share price during the 30 days prior to the issuing of the convertible bond.
The agreement between the Company and Mondo on a mid term loan facility in order to bridge potential cash requirements until the completion of the private placement, will as a result of the issue of the convertible bond be terminated. The loan facility was not used.
Further information regarding the convertible bond can be found in the report of the Board of Directors drafted in accordance with article 583, 596 juncto 598 of the Code of Companies and in the report of the Auditor of the Company drafted in accordance with article 596 juncto 598 of the Code of Companies. These reports are available on the website of the Company.
The Company also announces that Jan Smits, CFO of Option, has informed the Company of his plans to pursue other opportunities. The search for a new CFO has been initiated.
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