Brief: IDM and Devoran sign deal for mutual set-off of liabilities

Energy SA

15/10/2015 10:01

Oct 15 (Reuters) - IDM SA  IDM.WA , Devoran SA  DEV.WA : 
    * Said on Wednesday that it signed an agreement for mutual 
set-off of liabilities with Devoran SA  DEV.WA   
    * The agreement regulates set-off of liabilities in amount 
of 7,139,418.40 zlotys ($1.9 million) arising from the early 
redemption of 6,056 series AC bonds issued by Devoran SA  
    * IDM and Devoran signed an agreement for early redemption 
of 6,056 series AC bonds issued by Devoran under which 
Devoran obliged to pay to IDM 6,056,000 zlotys as nominal value 
of bonds plus interest of 1,083,418.40 zlotys  
    * IDM, in exchange for liabilities of Devoran worth 
7,139,418.40 zlotys, agreed to subscribe for 8,206,228 series L 
shares of Devoran at issue price of 0.87 zloty each or 
7,139,418.36 zlotys 
 
 
 
 
     
     
 Source text for Eikon:  ID:nEM1405877 ,  ID:nEM1405883 , 
 ID:nEM1405873 ,  ID:nEB1486009  and  ID:nEB1486010  
     
 Further company coverage:  IDM.WA   DEV.WA   
    
 
 
 
($1 = 3.6920 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))