DGAP-Adhoc: LION E-Mobility AG: Delay of payment of convertible loan
DGAP-Ad-hoc: LION E-Mobility AG / Key word(s): Statement/Corporate Action
LION E-Mobility AG: Delay of payment of convertible loan
01-Apr-2019 / 18:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
On 30thJanuary 2019 LION E-Mobility informed about the signature of a convertible loan agreement with an amount of EUR 2.5 million with Battery and Mobility Materials Inc. (BAMM), Omaha, USA, a strategic investor. On 22ndFebruary 2019 the necessary conditional capital for the convertible loan was approved by an extraordinary shareholder meeting.
Irrespective of the obligation to grant the loan and several demands the relevant transfer of funds from BAMM to LION E-Mobility has not happened until today. LION E-Mobility cannot exclude that the convertible loan will be further delayed or not be granted at all. LION E-Mobility is considering all legal steps in order to protect the interests of the company and its shareholders.
Contact:
Tobias Mayer
President of the board
Information and Explanation of the Issuer to this News:The management is in on-going communications with BAMM's senior management to complete the transfer of funds to LION E-Mobility.
01-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
LION E-Mobility AG
Lindenstraße 16
6340 Baar
Switzerland
Phone:
+41 (0)41 500 54 11
Fax:
+41 (0)41 500 54 12
E-mail:
info@lionemobility.de
Internet:
www.lionemobility.com
ISIN:
CH0132594711, CH0132594711
WKN:
A1JG3H , A1JG3H
Listed:
Regulated Unofficial Market in Frankfurt, Hamburg, Munich (m:access)
EQS News ID:
794335
End of Announcement
DGAP News Service
794335 01-Apr-2019 CET/CEST