ci sono varie condizioni ed anche quella che devono emettere il nuovo bond da 125 ml, quindi cash non serve
ma devono raccogliere in totale 125 ml
The Conditional Exchange and Cash Offer is conditional to
• the Exchange Threshold Condition (as further defined below), in order to have not morethan EUR 50,000,000.00 in 2021/2026 Bonds outstanding;
• a minimum interest rate of the New Bonds of at least 11% p.a.;
• a minimum volume of EUR 125,000,000.00 of New Bonds to be issued;
• the New Bonds being senior secured bonds;• market standard terms and conditions of the New Bonds similar to the 2021/2026Bonds, including the same investor protection rights;
• a maturity of not more than 5 years applies to the New Bonds;
• the New Bonds to be listed on the Frankfurt Stock Exchange and the Nasdaq TallinnStock Exchange; and
• the transaction to close no later than 15 June 2025
