NGG Nextgen

TIDMNGG

RNS Number : 6746W

NextGen Group PLC

02 February 2012

NextGen Group plc ("NextGen" or the "Group")

Convertible Loan Agreement of EUR800,000

In order to continue to fund the continued working capital requirements of the Group, NextGen has entered into a convertible loan agreement for the provision of additional funding of EUR800,000. This additional funding is in line with the Directors' expectations, as announced on 4 November 2011, that further funding was likely to be required in early Q1 2012.

The convertible loan agreement is with Alpha 4 Concepts GmbH and the terms of the loan, which is for a period ending on 31 November 2012, include a coupon of 12% pa and the loan is repayable on 7 days' notice.

The loan (plus interest) shall be convertible, at the lender's option no later than two business days following the end of the loan period, into ordinary shares in the Company at a price of 0.1p per share plus one warrant for every share issued, with the warrants being exercisable for 3 years from the date of grant.

The lender has requested that nanotecquity AG receive a monitoring fee, payable by the Company, of a total of EUR80,000 for the period of the loan, such sum to be payable at the lender's option in cash or shares.

For further details please contact:

   Klaus Rosenau, Chairman               +49 160 5516756 

NextGen Group

   Jonathan Wright/Nicola Marrin         020 7107 8000 

Seymour Pierce Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRSSLSUEFESELE

Nextgen (LSE:NGG)
過去 株価チャート
から 8 2024 まで 9 2024

Nextgen (LSE:NGG)
過去 株価チャート
から 9 2023 まで 9 2024