Loan amount and availability
The loan, of in total €750,000, is arranged by Ivo van Laar Beheer B.V (not a shareholder in the Company) and shall be made available for the Company by the 15th of January, 2024.
Key loan terms
The loan matures on 31st of July, 2024. Interest shall be set at ten (10) per cent per annum from availability, with interest capitalising on the last day of every month, starting
The subscription price for interest shares shall be equal to 90 per cent of the volume weighted average price (VWAP) for the Company’s shares on Nasdaq First North Growth Market during thirty (30) consecutive trading days immediately preceding the relevant Interest Capitalization Date.
The lender shall, up to and including the 31st of
The loan may be prepaid by the Company, fully or partly, at any time, where interest shall accrue up until prepayment, without any added premium or penalty. No arrangement fees or any other fixed fees of any kind shall apply to the loan arrangement.
Security arrangements
As security for the loan, the Company pledges shares in the subsidiaries Trinexia South Africa (TRSA) and Trinexia Africa (TAD) up to a value equal to the loan amount plus 30%.
Loan purpose
The loan is enabling the Company to further accelerate key strategic growth initiatives.
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