Plexure Group Ltd agrees amended convertible note terms
2:37pm, 30 Aug 2017 | SECISSUE
Plexure Group Limited (PLX) can confirm today it has agreed amended terms with the holders of the $1.6m of convertible notes that PLX issued on the 3rd February 2017.
The key terms of the amendments are as follows:
• The repayment date has been extended from the 3rd November 2017 until the 31st March 2019.
• Interest to date of $97,523.81 to be converted into the face value of the convertible note.
• Interest will stop accruing on the convertible note.
• In return for the above the option has been repriced from 28c to 12c.
For more information please contact:
Andrew Dalziel, CFO Plexure
Mobile: +64 27 6777 575 Email: [email protected]