Aspo's Convertible Capital Loan
The Aspo Group's Convertible Capital Loan amounts to EUR 10,800,000. The loan period is from June 30, 2009 to June 30, 2014.
The loan will be repaid in its entirety on June 30, 2014 provided that the repayment requirements specified in chapter 5 of the Companies Act and in the loan terms and conditions are met.
The Convertible Capital Loan has a fixed 7% interest. The annual interest period will commence on June 30.
The Aspo Board of Directors has decided on May 5, 2011, that, subsequent to the company's rights issue, each EUR 50,000 loan portion of Aspo's Convertible Capital Loan entitles the holder to convert the loan portion into 8,074 (previously 7,690) Aspo shares. The conversion rate of the share is EUR 6.19 (previously 6.50). The changes are effective as from May 6, 2011. The annual conversion period will start on January 2 and end on November 30, the last conversion date being June 15, 2014.
The Convertible Capital Loan is managed by Evli Bank Plc. Should you have any questions concerning the conversion of the loan portion, please contact Evli's Helpdesk Service, by e-mail operations@evli.com or by phone +358 9 4766 9931 (8.00-17.00 Finnish time).