Hexagon Purus and Mitsui & Co. Ltd. has agreed to amend certain rights to convert or dispose of any of its Convertible Bonds [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
Hexagon Purus ASA ("Hexagon Purus" or the "Company") has today signed an agreement with Mitsui & Co, Ltd. ("Mitsui") where the parties have agreed that Mitsui shall not use a right to convert to ordinary shares or to dispose of any of its Convertible Bonds without the written consent of the Board of Directors of Hexagon Purus until the earlier of i) the date on which the Company becomes profitable on a Profit After Tax (PAT) basis (measured by PAT attributable to equity holders of the parent in the Company's group income statement), and ii) 1 January 2028 for the First Convertible Bonds and 1 January 2029 for Second Convertible Bonds, respectively, together referred to as the "Additional Lock-up". The Additional Lock-up applies to Mitsui only, and the rights for other holders of the First Convertible Bonds and Second Convertible Bonds are as per the original convertible loan agreements. The Additional Lock-up shall not apply in certain events, including the occurrence of a Corporate
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