Press Release - Func Food Group considers a capital injection
Published: 13 June 2016
Func Food Group Oyj, reg. no. 2592369-6 (" Func Food Group "), has proposed to its shareholders to approve a resolution to incur a convertible loan for the company in the maximum amount of EUR 3,000,000. The convertible loan shall be offered for subscription to the company's shareholders pro rata .
The purpose of the convertible loan is to allow for a subordinated capital loan to be extended to Func Food Group's wholly owned subsidiary, Func Food Finland Oy. The subordinated capital loan will be extended for the purpose of restoring Func Food Finland Oy's current negative equity.
The granting of the convertible loan is subject to the Annual General Meeting's approval.
For further information please contact:
Robin Lybeck, CEO Func Food Group Oyj, firstname.lastname@example.org
Tommi Virtanen, CFO Func Food Group Oyj, email@example.com
The information contained in this press release is such information that Func Food Group Oyj is required to publish in accordance with the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication on 13 June, 2016, at 15.30 CET.
Func Food Group Oyj, Pyynikintie 25 Y 10, 33230 Tampere, Finland. The board is resident in Tampere. For further information about the company please visit http://www.funcfood.com/?lang=en.
Func Food Group Oyj