Ripasso Energy intends to carry out an issue of convertible bonds with preferential right for the shareholders in the amount of approximately MSEK 79.5
The Board of Directors of Ripasso Energy AB (publ) (the “Company”) has today resolved to convene an Extraordinary General Meeting on 16 January 2019 with a proposal for an issue of convertible bonds of not more than SEK 79,505,021, with preferential right for existing shareholders. The issue is covered by subscription undertakings equivalent to approximately 34.5 per cent.The purpose of the convertible loan is to meet Ripasso Energy’s working capital needs related to the order by Afarak Mogale (Pty) Ltd. of 7 PWR BLOK units, and preparations for mass production of the PWR BLOK, to cover