FIT Biotech Oy: Conversion of FIT Biotech Oy's Convertible

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
FIT Biotech Oy: Conversion of FIT Biotech Oy's Convertible Notes into shares

FIT Biotech Oy

Company release December 19, 2016at 10:30 am EET

Conversion of FIT Biotech Oy's Convertible Notes into shares

Related to Convertible Note and Warrant Programmes established on September 26, 2016 between the Fit Biotech Oy ("Company") and Bracknor Investment ("Bracknor") the Company's board of directors has today resolved to approve Bracknor's request relating to the funding programme to convert EUR 50,000 worth of Convertible Notes into the Company's K shares.

Due to the conversion of the Convertible Notes, the Company issues 797,066 new K shares in the Company to Bracknor with the conversion price of EUR 0.06273 per share.

As a result of the issue of the new K shares in the Company, the total number of shares in the Company will increase to 41,693,062 shares, and the share capital of the Company will be increased by EUR 49,999.95. After the issue of the new K shares in the Company, the Company's shares will be divided in share series as follows: 41,622,598 K shares, 5,229 A shares and 65,235 D shares.

The increase of the share capital and new K shares in the Company will be registered in the Trade Register on or about December 20, 2016 and the new K shares will be admitted to trading on First North Finland on or about December 21, 2016.

FIT BIOTECH OY

Board of Directors

For further information: Chairman of the Board of Directors Juha Vapaavuori E-mail: juha.vapaavuori@fitbiotech.com Tel: +358 50 372 0824

Certified Advisor: Aalto Capital Partners Oy, tel. +358 40 587 7000

About FIT Biotech FIT Biotech Oy is a biotechnology company established in 1995. The company develops and licenses its patented GTU® (Gene Transport Unit) vector technology for new-generation medical treatments. GTU® is a gene transport technology that meets an important medical challenge in the usability of gene therapy and DNA vaccines.

FIT Biotech applies GTU® technology in its drug development programmes. Application areas include cancer (gene therapy) and infectious diseases such as HIV and tuberculosis, as well as animal vaccines.

FIT Biotech shares are listed on the First North Finland marketplace maintained by Nasdaq Helsinki Oy.

DISTRIBUTION: Nasdaq Helsinki Principal media

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Abu Dhabi's Youth Orchestra: A Cultural Revolution

Updated Category News Views 75

A New Dawn for Abu Dhabi's Musical Future Abu Dhabi's making some noise, and I don't mean just any kind of noise. We're talking about a symphony of opportunity. The Department of Culture and Tourism – Abu Dhabi just dropped big news—setting up a dedicated institution for the Youth Orchestra Abu Dhabi. This ain't just a pat on the cultural back; it's a whole new ball...

Continue Reading
Duke Energy's Battle Against Energy Vampires Heats Up

Updated Category News Views 104

Unplugging Hidden Electricity Drains Ever wonder why your electric bill has been sneakily creeping up? You might think it's just the AC running full blast or lights left on, but surprise, surprise—there’s a whole army of “energy vampires” quietly sucking the juice out of your home. Duke Energy Florida is drawing attention to this sneaky leak, especially around...

Continue Reading
Honeywell Aerospace Faces Lawsuit After Stock Tumbles 23%

Updated Category News Views 84

Honeywell's Bumpy Ride Rattles Investors Something's brewing over at Honeywell Aerospace, Inc. (NASDAQ:HONA) and it's not your regular cup of joe. Investors, brace yourselves, because a securities fraud class action lawsuit is stacking up against them. With shares plummeting 23.16% in a whirlwind of a market day, it's kind of hard not to get a little riled up, isn't it?...

Continue Reading
NOTHING NINE's Global Ambitions: Paris Show's Impact

Updated Category News Views 134

Paris: Stage or Launchpad? You’d think walking that catwalk in Paris is the holy grail—fashion's own illustrious red carpet. But when you're Chloe, founder of NOTHING NINE, the real hustle kicks off once the lights dim. On 29th September 2026, this designer brand strutted its stuff at one of the grandest venues, Les Invalides, part of the prestigious Paris Fashion...

Continue Reading
Epic Oceanside Estate Set for No-Reserve Luxury Auction

Updated Category News Views 66

Going, Going, Gone? A Golf Exec's Dream Home What's hotter than Florida's summer sun? It's this swanky estate at Ponte Vedra Beach set to hit the auction block without any safety net. Yup, no reserve, folks! Leonard "Len" Brown, Jr., the brains behind many of PGA Tour's global ventures, has decided to put his lavish 3.2-acre plot right by the ocean up for grabs. Once...

Continue Reading
Boscia's Future Ties Tradition and Modern Science

Updated Category News Views 106

Reviving a Skincare Legacy With the wind of innovation at its back, The Center Brands and Dr. Mamina Turegano are stepping in to breathe new life into Boscia. Now, I'm not just talking about a simple facelift. We're talking about an all-out integration of traditional Japanese skincare principles with the sharp edge of modern dermatologic science. It's a brave move...

Continue Reading
Independents Finally Center Stage on Election Night

Updated Category News Views 0

Unprecedented Spotlight on Independent Voters The political landscape is in for a shake-up, folks. Come November 3rd, we're witnessing something that hasn't been done before—an entire Election Night dedicated exclusively to independent voters. It’s high time these folks got the spotlight, considering a whopping 45% of U.S. adults have shunned the extremist seesaw of...

Continue Reading
Dudley DeBosier Lends a Hand with Thanksgiving Giveaway

Updated Category News Views 60

Small Gestures Making a Big Difference Ah, Thanksgiving—a time of turkey, stuffing, and cranberries, with grocery receipts long enough to make your eyes water. And wouldn't you know, Dudley DeBosier Injury Lawyers is stepping in with a little relief, dishing out $2,000 in gift cards. This Louisiana-based law firm is giving away ten $200 gift cards to residents just in...

Continue Reading
Ernesta Expands Southeast Reach with Atlanta Showroom

Updated Category News Views 60

Ernesta's Southeast Play: The Atlanta Showroom Here's something to turn heads in the world of custom home design—Ernesta has just set up shop in Atlanta, a move that speaks volumes about their ambitions in the Southeast market. This isn't just about selling a few more rugs; it's a calculated step into a region ripe with design potential and a hunger for bespoke home...

Continue Reading
Bertram Capital Backs MCE's Expansive Growth Vision

Updated Category News Views 51

A Strategic Move for Bertram Capital Right on the heels of seasoned market moves, Bertram Capital has thrown its support behind Motion & Control Enterprises (MCE). This isn't just another portfolio addition; it's a calculated step into the complex world of industrial distribution, partnering with a company renowned for its prowess in engineered solutions. If you've ever...

Continue Reading

Top 5 Most Recently Viewed Articles

MediCapture Unveils Innovative aiScope™ for Veterinary Applications

Updated Category News Views 114

MediCapture Introduces aiScope™ for Veterinary Training Revolutionizing Medical AI CHEROKEE, Texas — MediCapture Inc., recognized for its prowess in medical imaging technology, has announced the exciting launch of aiScope™. This innovative software operates Vision AI models in real-time, directly on selected MediCapture devices, providing tremendous opportunities in...

Continue Reading
Midland States Bancorp Set to Release Q4 2024 Outcomes Soon

Updated Category News Views 115

Midland States Bancorp Prepares for Fourth Quarter Financial Results Midland States Bancorp, Inc. has exciting news for its investors and stakeholders. The company is gearing up to announce its fourth quarter financial results for 2024. The announcement is set to take place after market close on a Thursday, providing valuable insights into the company’s performance....

Continue Reading
Newland & Newland, LLP Attorneys Honored as Elite Lawyers for 2025

Updated Category News Views 295

Newland & Newland, LLP Attorneys Honored as Elite Lawyers for 2025 Newland & Newland, LLP proudly announces recognition for six of its accomplished attorneys as Elite Lawyers for 2025. This prestigious title is exemplary of the high standards and trust established by the firm over nearly three decades of dedicated service. The attorneys who earned this accolade include...

Continue Reading
Investment Recovery Opportunities for Dow Inc. Shareholders

Updated Category News Views 92

Opportunity for Dow Inc. Investors to Recover Losses Levi & Korsinsky, LLP is reaching out to investors in Dow Inc. regarding a class action securities lawsuit designed specifically for those who experienced financial loss due to alleged misconduct by the company. Understanding the complexities of legal proceedings and the unfortunate events that can lead to such...

Continue Reading
Ericsson's Q2 2026 Results Show Strategic Gains Amid Challenges

Updated Category News Views 28

Disciplined Strategy Pays Dividends Ericsson's second-quarter results for 2026 tell quite the tale of a company that isn't just sitting back and letting the winds of financial uncertainty toss it around. Instead, it's more like they've grabbed the sails with some strategic gusto. All eyes are on those adjusted gross margins sitting pretty at 48.4%. You hold that line,...

Continue Reading