Business
MTI Investment Restructures Existing Loan Facility, Carries Out Directed Set-Off Issue
MTI Investment Restructures Existing Loan Facility, Carries Out Directed Set-Off Issue
About this update from Mti Investment Ab
MTI Investment AB (publ) OMXSTO:MTI:MTI INVESTMENT RESTRUCTURES EXISTING LOAN FACILITY AND CARRIES OUT A DIRECTED SET-OFF ISSUE TO REDUCE COMPANY DEBT WITH APPROXIMATELY SEK 13.1 MILLIONTRANSACTION REDUCES TOTAL AMOUNT OF DEBT AND INTEREST ACCRUED FROM SEK 24.1 MILLION TO SEK 11.0 MILLIONDEBT IS SET OFF AGAINST ISSUANCE OF NEW SHARES AT A SUBSCRIPTION PRICE OF SEK 3.15791 PER SHARETRANSACTION WILL BRING HCJ'S OWNERSHIP FROM 12.44% TO 29.9%FOLLOWING DIRECTED NEW ISSUE, HCJ WILL HOLD A TOTAL OF 6,224,859 SHARES IN COMPANY