Conversion of the convertible bond entered into between

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
49
Conversion of the convertible bond entered into between Nexstim Plc and Bracknor to shares and issuance of shares pursuant to the financing arrangement announced on 21 July 2016

 

Company announcement, Helsinki, 9 January 2017 at 1 pm

Nexstim Plc (NXTMH:HEX, NXTMS:STO) (" Nexstim " or the " Company "), a medical technology company with a pioneering navigated non-invasive brain stimulation system, announces that, pursuant to the authorisations received from the Company's Extraordinary General Meeting on 18 August 2016 and the financing arrangement entered into with Bracknor Investment which was announced on 21 July, the Board of Directors of the Company has today resolved to approve Bracknor's request to convert EUR 350,000 of the convertible bond to Company's shares at issue price of EUR 0,10727.  The Board of Director's has resolved to transfer a total of 3,262,794 new shares of the Company to Bracknor. The board of directors of the Company has also resolved to issue 5,372,641 new treasury shares to the Company itself without payment and to list the new shares issued pursuant to the above resolutions. The new shares will be listed approximately on 13 th January 2017. After the issuance the Company will have 5,572,318 treasury shares and the total number of shares in the Company is 55,723,184.

NEXSTIM PLC Martin Jamieson, CEO

Further information is available on the website www.nexstim.com or by telephone:

Nexstim                                                                                                                                     +447715163942 Martin Jamieson, CEO                                                                              martin.jamieson@nexstim.com                                                                                                                                                                                  UB Securities Oy (Certified Adviser)                                                                         +358 (0)9 2538 0246

About Nexstim Plc Nexstim is a medical technology company which has pioneered its technology in brain diagnostics with the Navigated Brain Stimulation (NBS) system. It is the first and only FDA cleared and CE marked system based on navigated Transcranial Magnetic Stimulation (nTMS) for pre-surgical mapping of the speech and motor cortices of the brain. Based on the same technology platform, the Company has developed a system called Navigated Brain Therapy (NBT®) which is CE marked for the treatment of chronic neuropathic pain, major depression and stroke. Nexstim shares are listed on the Nasdaq First North Finland and Nasdaq First North Sweden. For more information please visit www.nexstim.com

 

Attachments:

http://www.globenewswire.com/NewsRoom/Attachm...60389aa994

Scroll down for more posts ▼

Top 10 Most Recent News Articles

ScholarShare 529 Launches $50 Back-to-School Promo

Updated Category News Views 5

California Families Get a Boost With New 529 Plan Offer Everywhere you turn, it's 'back to school' mania right now, and ScholarShare 529 aims to ride that wave by sweetening the pot for parents ready to think ahead. So here's the gist—California's official college savings plan is handing out a $50 gift card for new accounts opened between now and September 30th. Setting...

Continue Reading
Koogler's Sale to ALL4: A Game-Changer for the Southeast

Updated Category News Views 5

A Strategic Alignment Unfolds in Environmental Engineering Ever notice how those industry shifts often sneak up on you, only to leave a mark that's hard to ignore? That's exactly what's playing out with Koogler & Associates' recent hookup with ALL4 LLC. Set aside that coffee, this one's too important to miss if you've got a stake in the environmental consulting game or...

Continue Reading
Solar Fencing Revolutionizes North Texas Homes

Updated Category News Views 4

Fences Go Solar: Welcome to the Future Land of fences and sunshine, North Texas is about to see a game changer in home improvement. Southwest Fence & Deck is rolling out the red carpet as an Authorized SOL Fence Installation Partner, putting solar power right in your backyard. Yeah, there have been sparks of innovation in plenty of fields, but who expected fences to join...

Continue Reading
Feeding Families Foundation Gains $121,500 for NYC Push

Updated Category News Views 6

Holy smokes, here comes some good news in the nonprofit corners! Feeding Families Foundation just got a hefty $121,500 boost from the Association of Contracting Plumbers of the City of New York Inc. This ain't just some pocket change; it's a full-fledged lifeline that helps them keep on delivering meals to parents who are practically living at their kid’s hospital...

Continue Reading
Robotics in Cleaning: 2026 Sees Double Adoption Rates

Updated Category News Views 6

Cleaning Industry Eyes Robotic Solutions Amid Labor Squeeze In a twist that's got industry veterans nodding knowingly, the cleaning industry is tipping towards automation. The recent 2026 Building Service Contractor Market Study reveals a massive leap: 32% of building service contractors (BSCs) plan to embrace robotic floor equipment in the coming year. That's a...

Continue Reading
NOAA Taps ICEYE US for Game-Changing SAR Satellite Data

Updated Category News Views 8

The Strategic Move to SAR Data Imagine this: You’re in the thick of a hurricane, where visibility goes out the window, and traditional satellite data chokes under the crushing weight of clouds and nightfall. That's the precise chaos ICEYE US is cutting through with its Synthetic Aperture Radar (SAR) technology. The latest scuttlebutt is that NOAA's getting cozy with...

Continue Reading
Goddess Maintenance Co. Eyes BeautyMatter Award

Updated Category News Views 4

Challenging the Haircare Norm with Confidence Goddess Maintenance Co. doesn't just draft a fresh play in the beauty industry playbook—it's ripping out the old pages and setting a new standard. This ain't your granny's haircare game anymore, folks. They're up for a 2026 BeautyMatter Award, a nod to their gut-busting innovation in the conditioner category with their star...

Continue Reading
2026 CEE Awards Highlight Energy Innovation Leaders

Updated Category News Views 6

Showcasing Cutting-Edge Home Energy Innovations It's that time of year again when the brightest innovators in home energy solutions get a nod from the Consortium for Energy Efficiency (CEE). This year's Integrated Home Competition spotlighted five trailblazing products that promise to reshape how we think about energy efficiency, demand flexibility, and sheer user comfort...

Continue Reading
Paula's Choice Elevates Skincare Game with New Campaign

Updated Category News Views 9

Strategy Meets Skincare: Paula's Choice in the Spotlight Catch this: Paula's Choice just dropped a moisturizer, but it ain't just lotion. No, the Pro-Collagen Peptide Plumping Intensive Moisturizer is here with a punch. And they've got Hannah Waddingham, of 'Ted Lasso' fame, fronting a campaign that screams confidence. Now, that's a way to announce your move at the...

Continue Reading
Avive Partners with Cambridge Fire for Lifesaving Training

Updated Category News Views 8

Tapping into the Pulse: Avive & Cambridge Fire in Action No fooling around here—Avive Solutions is linking arms with the Cambridge Fire Department to put the city on a faster track to becoming a lifesaver haven. They're rolling out a free CPR and AED training right in the Smith Campus Center, Harvard Square. It's the kind of thing you love to see—getting the community...

Continue Reading

Top 5 Most Recently Viewed Articles

Palantir’s Co-Founder Highlights AI Investments and Challenges

Updated Category News Views 332

Palantir Co-Founder Discusses AI Investment Needs Joe Lonsdale, the co-founder of Palantir Technologies Inc. (NASDAQ: PLTR), has recently expressed his concerns about the artificial intelligence (AI) industry. During a segment on CNBC, he noted that key figures in the sector may not fully grasp the level of resources necessary to meet their ambitious goals. Understanding...

Continue Reading
Cemtrex Integrates Advanced AI Gun Detection in NEXT Cameras

Updated Category News Views 180

Introducing AI-Enhanced Security in Vicon's NEXT Cameras In a groundbreaking move, Cemtrex Inc. (NASDAQ: CETX, CETXP) has announced the integration of an Artificial Intelligence (AI) armed person detection feature into their upcoming Vicon NEXT Cameras. With a release slated for the first quarter of 2025, this innovative technology aims to significantly elevate public...

Continue Reading
AI Innovations Propel Analytical Standards Market Growth

Updated Category News Views 266

Emerging Trends in the Analytical Standards Market The analytical standards market is projected to experience significant growth, with estimates suggesting an increase of approximately USD 657.8 million from 2024 to 2028. A key factor contributing to this growth is rapid developments within the life sciences sector. Custom standards are increasingly being adopted as...

Continue Reading
Understanding Short Interest Trends for SouthState (SSB)

Updated Category News Views 217

SouthState's Recent Short Interest Overview Short interest for SouthState (SSB) has seen a notable decline of 10.27% since the previous reporting period. Currently, the company has reported a total of 3.01 million shares that have been sold short, representing 5.24% of all regular shares available for trading in the market. This figure illustrates that, on average,...

Continue Reading
NOVONIX Plans Expansion with New Synthetic Graphite Plant

Updated Category News Views 236

NOVONIX's Expansion Plans for a New Manufacturing Facility NOVONIX Limited (NASDAQ: NVX) is making a significant mark in the battery materials industry with its plans for a new synthetic graphite manufacturing plant. The intended site for this facility is located in a strategic area, enhancing NOVONIX's operational capabilities in production and distribution. The company...

Continue Reading