IKT

FAR100
11.11.2018 kl 18:29 1142

.. hoved problem er ABO

Conversion of Notes
Reference is made to the Admission document (https://newsweb.oslobors.no/message/454074) regarding drawdown of tranche 1 as part of a convertible note facility (the "Convertible Note Facility") entered into between European High Growth Opportunities Securitization Fund (the "Investor") acting through its advisor Alpha Blue Ocean Advisors Ltd. and ourselves as issuer on 14 March 2018.

On 24 October 2018 (the "Conversion Date"), the Investor submitted to the Issuer a notification of conversion of convertible notes in the total amount of NOK 820 000 to 3 037 037 new shares (the "New Shares") in Lavo.tv AS at a conversion price of NOK 0.27 per share. The conversion price constitutes 85% of the lowest closing bid price of the Shares during the twenty (20) consecutive Trading Days immediately preceding the Conversion Date of the lowest, as set out in the Convertible Note Facility.

The New Shares will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises.

Following the conversion of notes to shares, the Investor holds 612 convertible notes amounting to NOK 6.12 million in Lavo.tv AS.
Redigert 07.12.2018 kl 18:56

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