ICHOR Coal N.V.
ICHOR Coal N.V.: Amendment of certain conditions of Ichor Coal N.V. convertible bonds
ICHOR Coal N.V. / Key word(s): Bond Ad-hoc announcement pursuant to Article 17 Abs. 1 of the Market Abuse Regulation (Regulation (EU) No. 596/2014) Amendment of certain conditions of Ichor Coal N.V. convertible bonds Ichor Coal N.V. (IchorCoal) is pleased to announce that at a meeting of its bondholders on 20 June 2017, bondholders voted in favour of an extraordinary resolution to amend certain terms and conditions of the EUR 77,600,000 8% Convertible Bonds due 2017. In terms of this resolution, with effect from 7 June 2017: – the fixed interest payable on the bonds will be reduced from 8% per annum to 5%. – The conversion price of the bonds will be reduced from EUR4.50 to EUR0.70; – The maturity of the bonds will be extended by 2 years. An amendment and restatement agreement has been signed which is available to bondholders on request.
21-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | ICHOR Coal N.V. |
30 Jellicoe Avenue | |
Rosebank | |
South Africa | |
Phone: | +27 (11) 268 1100 |
E-mail: | johan.myburgh@ichorcoal.com |
Internet: | www.ichorcoal.de |
ISIN: | NL0010022307 |
WKN: | A1JQEX |
Listed: | Regulated Unofficial Market in Hamburg, Stuttgart; Open Market (Basic Board) in Frankfurt |
End of Announcement | DGAP News Service |