ESPERITE (ESP) has concluded new agreements with its note holders en andere berichten

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Overig advies 31/05/2017 07:21
Zutphen, the Netherlands - 31 May 2017
The unfortunate liquidation procedure against Genoma SA, ruled on May 4th 2017, for which an appeal is still pending, has triggered the obligation to repay Esperite note holders within 15 business days.

The board has on May 26th 2017 proposed and negotiated the possible issuance of new notes to repay the note holders.

The note holders, Educe Capital and Frederic Amar, have agreed their notes, for a total amount of EUR 3'125'000, to be repaid by the issuance of new unsecured convertible loans.

The new unsecured convertible loan notes will bear interest at a rate of 7% per year, payable annually in arrears on 31 December and be convertible into ESPERITE shares according to the initial schedule of the previous notes, until maturity at an initial conversion price of EUR 0.45.

This initial conversion price is higher than ESPERITE's share price at the time the offer was presented to the note holders. The conditions of the new convertible loan notes were discussed and negotiated between the board of directors and Educe Capital. Mr. Frederic Amar was not part of the decision making process and the final decision for his notes.

The new notes will mature on 31 December 2019, unless earlier converted or repurchased, they will not be listed and are subject to shareholders approval.

tijd 09.31
Esperite EUR 0,84 +13,5ct vol. 1.266.340

ESPERITE (ESP) Q1 consolidated revenue higher compared to budget
EBITDA improved compared to budget as a result of cost control
Zutphen, the Netherlands - 31 May 2017
Market Update Q1 2017
The Q1 actual consolidated revenue of Esperite was higher compared to budget. EBITDA for the same period also improved compared to budget as a result of cost control.
CryoSave revenue was 6% higher compared to budget mainly due to changed country mix. The number of samples stored was in line with budget and the average price was higher compared to budget. Operating expenses were much lower compared to budget. As a result EBITDA for CryoSave sharply improved compared to budget.

Genoma sales were 12% higher compared to budget. However the margin was lower compared to budget due to higher cost of sales. Operating expenses were in line with budget. As a result EBITDA for Genoma was lower compared to budget.
The executive management of Esperite N.V. has a firm believe that the recent liquidation affecting one of its subsidiaries, Genoma SA, will not affect the ability of the Group to continue its predictive medicine activities and expects that the consequences for the business will be limited.


ESPERITE (ESP) : L1 Capital confirms its investment in Esperite and announces new funding for up to EUR 1.1 million before July 12, 2017
Zutphen, The Netherlands, 31 May 2017

As of today, EUR 940,000 out of the EUR 1.0 million tranche issued on March 8, 2017 have been converted into shares by European Select Growth Opportunities Fund (the "Investor"), therefore strengthening the Group's equity.

The Investor is willing to confirm its support to the development of Esperite and has agreed to subscribe for a new tranche of EUR 350,000 today upon request of Esperite, although the conditions required under the financing agreement of up to EUR 13.0 million signed between Esperite and the Investor on March 8, 2017 (the "Agreement") to issue further tranches of notes with warrants attached are not currently met, in consideration for an additional commitment fee to waive such conditions.

The Group expects to issue a total of EUR 1.1 million of principal amount of notes with warrants attached before July 12, 2017, in order to support Esperite commercial activities and development of innovative technologies in the field of genetics and regenerative medicine.

The first tranche is issued pursuant to a request from Esperite dated May 30, 2017 to issue up to EUR 1.1 million in one tranche of EUR 350,000 and three additional tranches of EUR 250,000 principal amount each (the "Packed Tranches") between today and July 12, 2017.

Each of these Packed Tranches will be subscribed by the Investor at the latest on the two-week anniversary of the issuance of the previous tranche, under the condition, for each of them, that the notes of the previous Packed Tranche have been fully converted into shares and/or redeemed.

The first tranche is a private placement of 35 convertible notes with a principal amount of EUR 10,000 each, with 350,000 share subscription warrants attached.

The notes and the warrants issued under the Packed Tranches shall have the same characteristics as those described in the press release dated March 8, 2017.

As from July 12, 2017 or as soon as the three additional Packed Tranches will have been issued, unless agreed otherwise between Esperite and the Investor, the initial terms and conditions of the Agreement will prevail again, including in particular the conditions for the delivery of a request by Esperite and the funding of a tranche by the Investor as described in the press release dated March 8, 2017.





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