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01.04.2019 18:41:32
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DGAP-Adhoc: LION E-Mobility AG: Delay of payment of convertible loan
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DGAP-Ad-hoc: LION E-Mobility AG / Key word(s): Statement/Corporate Action
On 30thJanuary 2019 LION E-Mobility informed about the signature of a convertible loan agreement with an amount of EUR 2.5 million with Battery and Mobility Materials Inc. (BAMM), Omaha, USA, a strategic investor. On 22ndFebruary 2019 the necessary conditional capital for the convertible loan was approved by an extraordinary shareholder meeting.
Irrespective of the obligation to grant the loan and several demands the relevant transfer of funds from BAMM to LION E-Mobility has not happened until today. LION E-Mobility cannot exclude that the convertible loan will be further delayed or not be granted at all. LION E-Mobility is considering all legal steps in order to protect the interests of the company and its shareholders. Contact: Tobias Mayer President of the board Information and Explanation of the Issuer to this News: The management is in on-going communications with BAMM's senior management to complete the transfer of funds to LION E-Mobility.
01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | LION E-Mobility AG |
| Lindenstraße 16 | |
| 6340 Baar | |
| Switzerland | |
| Phone: | +41 (0)41 500 54 11 |
| Fax: | +41 (0)41 500 54 12 |
| E-mail: | info@lionemobility.de |
| Internet: | www.lionemobility.com |
| ISIN: | CH0132594711, CH0132594711 |
| WKN: | A1JG3H , A1JG3H |
| Listed: | Regulated Unofficial Market in Frankfurt, Hamburg, Munich (m:access) |
| EQS News ID: | 794335 |
| End of Announcement | DGAP News Service |
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794335 01-Apr-2019 CET/CEST
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