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Erria A/S Announces DKK 1m Capital Raise
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The board of directors of Erria A/S (the “Company”) is pleased to announce that the Company has now raised DKK 1,000,000.00 through the issuance of convertible notes.
The Company has issued the convertible notes pursuant to the authority granted to the board of directors of the Company as set out in company announcements no. 11 and 12 of August 29 and September 20, 2018, respectively (the “Capitalization Announcements”).
The lenders under the convertible notes are:
- Ellegaard Holdings Pte Ltd, a Singapore company controlled by Peter Kristian Ellegaard, the chairman of the board of directors of the Company; and
- Harbour Group Holding ApS, a Danish company controlled by Kristian Svarrer, a director of the board of directors of the Company.
The principal amounts under the convertible notes with Ellegaard Holdings Pte Ltd and Harbour Group Holding ApS are DKK 500,000.00 each.
Following the issuance by the Company of these convertible notes, the board of directors of the Company remains authorized to issue additional convertible notes of up to DKK 15,325,635.38 on the terms set out in the Capitalization Announcements.
For further information, please contact Henrik N. Andersen by phone at +45 3336 4400.
Headquartered in Denmark, Erria A/S is an international marine and logistics services company with operations in Denmark, Vietnam, Ghana and Venezuela. With nearly 300 employees and associates across the world, the Erria Group every day serves the needs of container shipping companies, ship owners and several other actors in the shipping and logistics sector. The Erria A/S stock is traded at the NASDAQ First North platform in Copenhagen, Denmark (Bloomberg code: ERRI:DK – ISIN: DK0060101483).
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