Audientes A/S refinances existing convertible loans with loans with no interest and instalments due for a further 12 months
Company announcement no. 29-2024
September 27, 2024
The Board of Directors of Audientes A/S (“Audientes” or the “Company”), CVR 36047631, has agreed with its existing lenders (Selandia Alpha Invest A/S, Renewable Ventures Nordic AB and Mr. Gerhard Dal) to refinance the existing convertible loans, which amounts to DKK 2.28 million.
The new loans are maturing by the end of September 2025, with no interest and no instalments due until then. The loan givers may elect the time to convert the loan partly or wholly to equity.
The conversion rate will be calculated using the Volume-Weighted Average Price method (known as VWAP) over 10 trading days prior to when the loan givers request to convert is submitted to the Company.
For further information, please contact:
|
Steen Thygesen, CEO, Audientes A/S Phone: +45 77 34 16 80 Email: [email protected] |
About Audientes A/S
Audientes A/S is a Danish hearing health company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes’ unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian and Nepalese markets and will be introduced in other markets in the coming years. Companion by Audientes is an advanced hearable, a consumer electronics product, that is commercially available in Europe and later in 2024 in Japan, China, and other markets.
Audientes’ mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally. Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with subsidiaries in Hyderabad, India and in Tokyo, Japan.
For additional information please refer to the company’s websites, www.audientes.com, www.audientes.eu or www.audientes.in.
This disclosure contains information that Audientes is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-09-2024 16:23 CET.