Oryzon: the Nice&Green Fund Requests a Conversion of Obligations for €1.8 Million

The private equity investment company Nice&Green has requested from the Spanish biopharmaceutical company Oryzon Genomics a conversion of debentures for a joint nominal amount of €1.8 million, at an exchange price of €2.0973 per share, which represents 858,246 titles with a nominal value of €0.05 each.

Consequently, for the purposes of carrying out the conversion, the company has informed the National Securities Market Commission (CNMV) this Thursday that it will proceed to increase its share capital by a total nominal amount of €42,912.30, through the issuance and placing in circulation of 858,246 new ordinary shares of €0.05 par value each .

The new Oryzon shares will be issued with an issue rate of €2.0973 per share (€0.05 of nominal value plus €2.0473 of share premium), with the total share premium of €1.76 million and the effective amount (nominal plus premium) of the capital increase of €1.8 million.

After the aforementioned capital increase, the company’s share capital will be set at the amount of €3.03 million, represented by 60,573,570 shares with a nominal value of €0.05 each.

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Oryzon will leave its share capital set at the amount of €3.03 million

The biopharmaceutical company will request admission to trading of the new shares issued on the Madrid, Barcelona, ​​Bilbao and Valencia Stock Exchanges , through the Stock Exchange Interconnection System (Continuous Market).

Oryzon ended the first half of the year reducing its losses by 56%, to €568,224. The company’s gross operating result (Ebitda) was €2.4 million, 25% less than in the first half of 2022 . Oryzon’s research and development (R&D) sales increased by 2%, reaching €7.9 million until June.

Clinical-stage biopharmaceuticals discover and develop epigenetics-based therapies for cancer patients and neurodegenerative disorders . Although the company was established in 2000, it has been listed on the stock market since 2015. Carlos Buesa Arjol has been the president and CEO of Oryzon Genomics since its founding.

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(Featured image by PIX1861 via Pixabay)

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First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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