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Netmore plans to let Polar Structure convert bonds early to diversify ownership, announces EGM

Wednesday 12 May 2021 | 14:23 CET | News
Netmore Group said it is calling an Extraordinary General Meeting (EGM) on 01 June to vote on a motion to carry out a new share issued directed towards its joint venture partner Polar Structure, and to allow advance redemption of convertible bonds. Polar Structure is its partner in the IoT joint venture Netmore Polar Networks (NPN). The aim is diversify Netmore's ownership and to raise capital in a cost-effective and time efficient manner.

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Categories: Mobile & Wireless
Companies: Netmore
Countries: Sweden
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