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Provider: Reuters Investment Profile

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Incap Oyj Receives Capital Loan from Shareholders

Thursday, 17 Jan 2013 05:45am EST 

Incap Oyj announced that it has concluded its negotiations concerning the redemption of the convertible loan issued in the year 2007. As a result of the negotiations Incap has agreed with the holders of the convertible loan upon redemption arrangements and partly renegotiated the conditions of the contracts made in spring 2012. In connection with the negotiations concerning the redemption of the convertible loan three of Incap Corporations major shareholders have granted the Company a capital loan of EUR 1.05 million. The loan period is three years and an interest of 10% is calculated on it annually. The loan conditions include the right to set off eventual subscription price of shares in a share issue arranged by the Company. Kalevi Laurila, who is closely related to the Company, is one of the shareholders who granted the capital loan. 

Company Quote

-0.0050 -7.46%
19 Dec 2014