OREANDA-NEWS. AS Pro Kapital Grupp informs that it has prolonged the redemption date of 88 887 “Pro Kapital Grupp convertible bond PKG7 25.05.2015” (hereinafter referred to as Convertible Bonds PKG7) by 2 years and the new redemption date is 25.05.2017 (hereinafter referred to as the redemption date). AS Pro Kapital Grupp will redeem 22 224 Convertible Bonds PKG7.

Majority of holders of Convertible Bonds PKG7 agreed with AS Pro Kapital Grupp proposal to prolong the redemption date of the convertible bonds, one investor expressed the wish for 22 224 Convertible Bonds PKG7 to be redeemed.

AS Pro Kapital Grupp has on 25.05.2015 submitted to the Estonian Central Register of Securities the application to change the redemption date and the total issue amount of Convertible Bonds PKG7.

In total convertible bonds were prolonged with total issue price of 248 883,6 EUR and convertible bonds with total issue price of 62 227,2 EUR will be redeemed.

The convertible bonds bear an annual interest of 7% and give the holders of the convertible bonds the right to exchange one convertible bond for one shares of AS Pro Kapital Grupp. The issue price of each convertible bond is 2,80 euro’s.