OREANDA-NEWS. January 20, 2016. AS Pro Kapital Grupp informs that it has prolonged the redemption date of 378 070  “Pro Kapital Grupp convertible bond PKG2 20.01.2014” (hereinafter referred to as Convertible Bonds PKG2) by 2 years and the new redemption date is 20.01.2018 (hereinafter referred to as the redemption date). AS Pro Kapital Grupp will redeem 4 234 Convertible Bonds PKG2 with issue price of 11 855,20 EUR.

All holders of Convertible Bonds PKG2 agreed with AS Pro Kapital Grupp proposal to prolong the redemption date of the convertible bonds, one investor agreed to prolong the redemption date in regards to some of the bonds held by the investor, expressing the wish for 4 234 Convertible Bonds PKG2 to be redeemed and the redemption date of the rest of the holding to be prolonged.

On 19.01.2016 AS Pro Kapital Grupp has submitted the Estonian Central Register of Securities the application to change the redemption date and the total issue amount of Convertible Bonds PKG2.

In total convertible bonds were prolonged with total issue price of 1 058 596 EUR and convertible bonds with total issue price of 11 855,20 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.

In order to subscribe for the shares of AS Pro Kapital Grupp and exchange the bonds, the bondholder must submit an application to the Company at least 10 (ten) Business Days before the Exchange Date. The Exchange Date shall be each Business Day (a day other than (a) a Saturday, (b) a Sunday, (c) Estonian national holiday, (d) public holiday or (e) another day when the registrar of the Register does not register securities) until the expiration date of the Bond, i.e. until the date of its redemption.