Ellinas Finance : Cooperation with Crowdbase Ltd and Debenture issue from Ellinas Finance Public Company Limited
October 21, 2022 at 08:10 am
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October 20, 2022
Cyprus Stock Exchange
Nicosia
ANNOUNCEMENT
Subject: Cooperation with Crowdbase Ltd and Debenture issue from Ellinas Finance Public Company Limited
Ellinas Finance Public Company Limited (the «Company») has decided to procced in collaboration with Crowdbase Ltd («Crowdbase»), in a crowdfunding campaign on the Crowdbase platform.
Crowdbase was established in October 2020, and is the first investment-based crowdfunding platform in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission, having obtained its license in January 2022 (license number 410/22). Its mission is to provide an alternative source of capital to Cypriot startups, innovative SMEs, and socially impactful real estate projects.
In relation to the aforementioned collaboration, the Company will proceed with the issuance of a new Debenture «Series Α», provided that Crowdbase will successfully raise at least €500.000 within two months from the beginning of the crowdfunding campaign. The specific Debenture will be issued with the aim of increasing the cash reserves for new loans to the Company clients. The new Debenture will have the following characteristics:
After the issuance of the new Debenture and assuming that at least €1.000.000 will be raised, the Company will proceed with listing the Debenture on the Cyprus Stock Exchange by preparing a Prospectus which will be submitted for approval to the Cyprus Securities and Exchange Commission. The Company will keep the investing public informed in relation to the above procedures and developments.
Ellinas Finance Public Company Ltd. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 07:09:03 UTC.
Ellinas Finance PCL is a Cyprus-based financial and investment services company. The Company's activities include the portfolio management of investments in securities listed on the Cyprus Stock Exchange and the Athens Stock Exchange, personal and business loans, hire purchase services, postdated checks services, as well as international money transfer services, which are conducted by the payment and financial services company, MoneyGram. The Company also has a wholly owned subsidiary, Ellinas Finance (Custodian) Limited, incorporated in Cyprus.