Grant of warrants in connection with loan completion
Company Announcement No. 27-2021Copenhagen, 8 December 2021 Penneo and Vækstfonden have entered into a loan agreement of 10M DKK. As part of the loan agreement, the Board of Directors of Penneo has today exercised part of its current authorization to issue a total of 25,000 new warrants to Vækstfonden. The loan will be disbursed to Penneo in one installment and will be made available to Penneo upon loan processing completion with the Land Registration Court. The interest rate CIBOR 3 + 8.4% is currently 8.2% pro annum and is payable quarterly. The loan is repayable in full on 4