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LION E-Mobility
Legal Proceedings Report • Apr 1, 2019
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Legal Proceedings Report
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News Details
Ad-hoc | 1 April 2019 18:41
LION E-Mobility AG: Delay of payment of convertible loan
LION E-Mobility AG / Key word(s): Statement/Corporate Action
LION E-Mobility AG: Delay of payment of convertible loan
01-Apr-2019 / 18:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
On 30 th January 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 22 nd February 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.
Archive at www.dgap.de
| 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: | [email protected] |
| 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 |