(Boursier.com) — Alan Allman Associates climbed more than 3% to 12.40 euros on Friday, while the group set up bond financing for a maximum amount of 1 million euros with Negma group Ltd, a specialized investment fund. This financing takes the form of an issue of bonds convertible into shares, without BSA attached on the basis of the delegation of authority granted by the Extraordinary General Meeting of June 23, 2021, under the terms of its 18th resolution.
The first installment of 250,000 euros is drawn upon signature of the contract. The draw and the quantum of the slices is by hand of the company. The Investor’s maximum commitment period is 24 months from May 12, 2022.
The convertible bonds will bear no interest and will have a maturity of 12 months from their issue. They may be converted at any time by their holder into Alan Allman Associates shares within a period of one year following the issue. However, they must be reimbursed in the event of the occurrence of a case of default usual in such matters.
Portzamparc advises to ‘keep’ the file with a target price of 11.3 euros. Above all, this line of financing allows the ecosystem of consulting firms to benefit from a liquidity tool, to allow an outside investor to place additional securities in the market.
The convertible bonds will not be the subject of a request for admission to trading on the Euronext Paris market and will therefore not be listed…
©2022 Boursier.com