• Rate of interest: Attention shall always accrue at the eleven.5% yearly.
• This new restructuring commission: Up on delivery away from a modification and you can restatement contract, a-one-from reorganizing fee out-of EUR 2 hundred,000 might be put on the principal matter an excellent in Kreos Financing as of , and therefore shall accrue focus from the interest rate plus in accordance to your terms of new Kreos Mortgage up until cost.
• Hive-Down: People Hive-Off will likely be let, but susceptible to specific concurred conditions, along with with regards to Kreos’s existing first positions cover over-all the fresh new assets the company and its subsidiaries, plus rational assets.
• Kreos Transformation: If your Organization or DSRCo raises security or a modifiable otherwise exchangeable financial support pursuant in order to an excellent Hive-Off Future Funding, EUR step one,000,000 out of visit prominent number the in Kreos Financing will likely be converted into offers or modifiable otherwise exchangeable loans away from DSRCo from the mutatis mutandis a comparable conditions.
• Panel observer: A real estate agent of Kreos shall be appointed due to the fact a panel observer contained in this 10 working days away from entryway with the a modification and you can restatement agreement.
• Economic covenant: Following the pleasure of your standards to your expansion of Last Cost Day regarding , the business shall make certain that they preserves sufficient bucks runway right up in order to and you can including .

In view hereof, the newest panel from directors of your own Team applied the whole process of Article 7:97 of your Belgian Companies and you will Associations Code in connection with the brand new approval of one’s Convertible Bridge Mortgage

The organization plus entered on amendments when considering (i) new EUR cuatro,three hundred,000 partly modifiable loan having PMV Standaardleningen NV (formerly labeled as PMV/z Leningen NV), (ii) the brand new EUR dos,000,000 loan which have Belfius Insurance rates NV, and (iii) the fresh EUR 400,000 financing which have Sensinendments to the these finance feature (a) a growth of your appropriate interest levels significantly less than all the associated mortgage plans having step 1.0% yearly and you will (b) along with a conversion process correct making it possible for each one of these loan providers to convert all number a fantastic significantly less than its mortgage to the offers of your own Team within a transformation price comparable to the latest arithmetic average of every single day volume weighted mediocre trade speed for every show of one’s Business’s shares exchanged towards Euronext Brussels during the period of 30 (30) straight trading days end into (and you may including) the 3rd change big date up until the big date on which the company has received brand new guarantee conversion process do it observe, without a discount off twenty-five%.

The second information is given pursuant in order to Post eight:97, 4/hands down the Belgian Companies and you can Contacts Password concerning the Modifiable Link Financing offered because of the Partners inside the Security, EQT, GRAC and you may Rosetta Financing towards the Team

Couples in the Security, EQT and you can Rosetta Financial support is investors of Providers and therefore are represented with the board away from administrators of Organization. This means that, all of them would-be regarded as a good “relevant class” inside meaning of the new International Economic Revealing Requirements, just like the adopted of the Eu (IFRS), once the described inside Post seven:97 of the Belgian Businesses and you can Connectivity Password. Ids van der Weij (a director, representing People from inside the Security), Rudy Dekeyser (a movie director, symbolizing EQT) and Kenneth Macleod (a director, representing Rosetta Financing) didn’t take part in new deliberation and you will voting by the board away from directors when considering new approval of your getting into of your own associated loan plans.

Inside the framework of the the latter procedure, before announcement plus the signing of one’s Convertible Link Mortgage documentation, a committee out-of around three separate administrators of your own Providers (the new “Committee”) granted a referral toward panel of administrators where the Committee examined brand new stepping into of the Modifiable Link Mortgage.