Parans Solar Lighting AB (publ) issues SEK 2 million of convertible notes

2018-03-09 08:00 CET Pressrelease

Parans Solar Lighting AB (publ) ("Parans") has signed an amendment agreement relating to the investment agreement entered into on 20 November 2017 with European Select Growth Opportunities Fund (the "Investor") and draws down a second tranche of SEK 2 million under this financing agreement.

Parans entered on 20 November 2017 into an investment agreement with the Investor (the "Agreement"). On the evening of 8 March 2018 Parans and the Investor signed an amendment agreement relating to the Agreement (the “Amendment Agreement") providing inter alia:

On the same evening Parans’ board of directors decided to draw down the 2nd tranche pursuant to the Agreement and the Amendment Agreement as well as the issuance of the Notes under this 2nd tranche. The issuance is implemented within the limitations of the authorization from the shareholder's meeting held on 8 November 2017.

The capital received under this 2nd tranche will continue to be used to secure the ongoing promotion of the new SP4 system and the build-up of production capacity.  

Highlights about the second tranche:

For terms and conditions of the Notes, please visit Parans website:
http://www.parans.com/bolagsstyrning.cfm 

For more information, please contact:

Anders Koritz, CEO at Parans Solar Lighting AB (publ), phone +46 733 211635, anders.koritz@parans.com www.parans.com

About Parans Solar Lighting AB (publ) 

Parans Solar Lighting offers sunlight for indoor environments through an innovative system that captures and leads the rays of the sun. Parans, which developed and patented the technology, turns mainly to property owners, architects and larger employers worldwide. Parans Solar Lighting is quoted on the stock exchange list Aktietorget and has offices in Gothenburg, Sweden.

This information is information that Parans Solar Lighting AB (publ )is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at March 9th, 2018.  

Documents & links