The convertible bond issue in Ripasso Energy AB is covered by subscription undertakings corresponding to approximately 77 percent
On 16 January 2019, an Extraordinary General Meeting in Ripasso Energy AB resolved to carry out 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 77 percent. The record date is 7 February 2019 and the last day of trading in shares in Ripasso Energy including rights to receive subscription rights is today on 5 February 2019.The purpose of the convertible loan is to meet Ripasso Energy's working capital needs related to the order by Afarak Mogale (Pty)