- Investment Banking
LIFE IS HARD S.A. informs you that on 14.10.2021, the Board of the Financial Supervisory Authority decided the following:
I.1. The EU prospectus for growth regarding the offer for sale of convertible, unsecured bonds, issued by the company LIFE IS HARD S.A. is approved. to be published on the websites of the issuer, the Intermediary and the Bucharest Stock Exchange, having the following characteristics:
a.1. Stage I: the bonds will be offered to the company’s shareholders in proportion to the number of shares held on 16.03.2021;
a.2. Stage II: the bonds remaining unsubscribed after Stage I will be offered to investors, within a private placement.
The maximum total issue value of the bonds is 7,311,400 lei, in the event that all the bonds of the offer will be subscribed.
The offer will be considered successfully concluded if, at the closing of the offer, at least 80% of the offered securities have been validly subscribed.
During Stage I of the issue, only investors who held shares on the registration date will be able to subscribe, the subscription rate is 65.6943950543 shares held on the registration date for the purchase of 1 (one) bond, the rounding is done at the lower whole.
The conversion price will be equal to the weighted average of the share price within the transactions performed on BVB’s AeRO market, on which the company’s shares are traded, from the last year prior to the date of establishing the conversion price, to which a maximum reduction will be applied. 15%.
For details, please access the Announcement Document
For additional information, please contact the agent in charge of your portfolio.