(Telestock) – YOLO Groupone of the main operators in the Italian insurtech market of digital insurance services listed on Euronext Growth Milan, announces that on September 1, 2024 it will open Seventh Loan Conversion Period convertible bond in YOLO ordinary shares called “Yolo Group Convertible 5% 2022-2025” (ISIN code IT0005503856).
During the Conversion Period, which will close on the 30th September 2024each Bondholder may request the conversion of the Convertible Bonds into Compendium Actions based on the conversion ratio of 1,000 Yolo Group shares for each bond presented in conversion, to the unit price implicit for a single action equal to 4.15 euros.
There are 722 Convertible Bonds still outstanding.