BENEFON OYJ BULLETIN January 12, 2007 at 16:00
BENEFON EXTENTS THE FINANCING AGREEMENT AND RAISES SIXTH TRANCHE OF FINANCING
Benefon today announced that the company and Octagon Solutions Limited have
agreed to extend the Financing Agreement concluded with Octagon Solutions Limited
and disclosed on September 28th 2006 to cover also such additional financing as
separately agreed to between the parties. The Board of Directors has accordingly
decided to call the sixth tranche of financing according to amendment to
Financing Agreement. For enabling continuance of the financing plan, if required,
the company shall also call an extraordinary general meeting as to be separately
announced.
The Board decided to issue shares and convertible bond loan for a total amount of
EUR 400,000 to Ashland Partners LP ("directed offering"). The maximum number of
new investment series shares offered for subscription is 1,666,667 and
subscription price is EUR 0.21 (approximately) per share. The principal amount of
convertible bond loan, which includes a specific right to use the loan to set off
subscription price of shares as according to Chapter 10, Clause 1 of the Finnish
Companies Act, is EUR 50.000 and each EUR 0.09 (approximately) of the loan
principal entitles its holder to subscribe for one new investment series share.
The maximum number of shares that can be subscribed for by virtue of the loan is
555,556.
All of the 1,666,667 shares are offered for subscription by Ashland Partners LP
as well as the entire convertible bond loan of EUR 50,000. Of the share
subscription price EUR 0.01 is booked to share capital and the remainder in
invested unrestricted equity fund. As a result of share issue company's share
capital may increase by a maximum of EUR 16,666.67 and as a result of convertible
bond loan by a maximum of EUR 5,555.56.
Subscription period for the directed offering begins on January 12, 2007 and ends
on January 26, 2007. The shares offered for subscription in the directed offering
represent at maximum 0.63 % and the convertible bond loan at maximum 0.21 % of
the company's registered shares. The new shares subscribed for are equivalent of
their right with company's existing investment series shares and will be applied
for listing as soon as the respective share subscriptions have been made and
shares registered in trade register. Listing of the shares subscribed for in the
directed offering of shares is estimated to take place approximately on February
8, 2007.
January 12th 2007
BENEFON OYJ
Tomi Raita
CEO
For more information, please contact:
Tomi Raita, CEO, tel. +358-2-77400
www.benefon.com
Distribution:
Helsinki Exchanges
Principal news media
BENEFON EXTENTS THE FINANCING AGREEMENT AND RAISES SIXTH TRANCHE OF FINANCING
| Source: GeoSentric Oyj