DGAP-Ad-hoc: ICHOR Coal N.V. / Key word(s): Bond
ICHOR Coal N.V.: Amendment of certain conditions of Ichor Coal N.V.
convertible bonds
21-Jun-2017 / 11:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Ad-hoc announcement pursuant to Article 17 Abs. 1 of the Market Abuse
Regulation (Regulation (EU) No. 596/2014)*
*Amendment of certain conditions of Ichor Coal N.V. convertible bonds*
Ichor Coal N.V. (IchorCoal) is pleased to announce that at a meeting of its
bondholders on 20 June 2017, bondholders voted in favour of an extraordinary
resolution to amend certain terms and conditions of the EUR 77,600,000 8%
Convertible Bonds due 2017.
In terms of this resolution, with effect from 7 June 2017:
- the fixed interest payable on the bonds will be reduced from 8% per annum
to 5%.
- The conversion price of the bonds will be reduced from EUR4.50 to EUR0.70;
- The maturity of the bonds will be extended by 2 years.
An amendment and restatement agreement has been signed which is available to
bondholders on request.
21-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ICHOR Coal N.V.
30 Jellicoe Avenue
Rosebank
South Africa
Phone: +27 (11) 268 1100
E-mail: johan.myburgh@ichorcoal.com
Internet: www.ichorcoal.de
ISIN: NL0010022307
WKN: A1JQEX
Listed: Regulated Unofficial Market in Hamburg, Stuttgart; Open Market
(Basic Board) in Frankfurt
End of Announcement DGAP News Service
584939 21-Jun-2017 CET/CEST
(END) Dow Jones Newswires
June 21, 2017 05:54 ET (09:54 GMT)
