October 16, 2019 / 6:03 AM / a month ago

BRIEF-Sfinks Polska To Issue Up To 12,000 Bonds In Private Placement

Oct 16 (Reuters) - Sfinks Polska SA:

* SAYS THAT MANAGEMENT HAS RESOLVED TO ISSUE NO LESS THAN 500 AND NO MORE THAN 12,000 SERIES A2 BONDS

* TOTAL VALUE OF BONDS WILL BE NO LESS THAN 0.5 MILLION ZLOTYS AND NO MORE THAN 12 MILLION ZLOTYS

* THE BONDS WILL BE ISSUED IN PRIVATE PLACEMENT

* THE BONDS CAN BE CONVERTED INTO SERIES L SHARES AT 1 ZLOTY PER SHARE, WHICH MEANS A BOND HOLDER WILL BE ENTITLED TO ACQUIRE 1000 L SERIES SHARES IN EXCHANGE FOR ONE BOND

* THE BONDS WILL BE DUE ON DECEMBER 31

Source text for Eikon:

Further company coverage: (Gdansk Newsroom)

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