Linnaeus will subscribe for the full amount of the convertible bond loan of \u20ac15 million ($18.8 million) as approved by the AGM of 25 June 2010. The bond will have a conversion price of \u20ac1.80 ($2.26) and maturity of three years. The bond will be mandatorily converted into shares at maturity (if it has not been converted earlier at the option of the bondholder).<\/p>\n
The final documents for the convertible bond loan issue are currently being negotiated with a target of finalising the agreements as soon as possible, said a statement from Dias.<\/p>\n
Dias\u0384 executive chairman Stelios Pitakas said: “Our partnership with a substantial strategic investor, who also shares our vision, is a significant and exciting step for the company and will enable us to rapidly progress and realise the full potential of our current and future projects.”<\/p>\n
Linnaeus\u0384 managing partner Anita Hamilton added: “We see tremendous opportunity in the aquaculture industry and believe Dias is well placed in this sector to capitalise on future growth and opportunities.”<\/p>\n
Dias is one of Greece\u0384s largest aquaculture operators specialising in seabass and seabream production. In 2009, its volumes were 20,000 tonnes.<\/p>\n
Linnaeus is an Amsterdam based independent and partner-owned private equity fund that is providing development capital across a range of growth sectors.<\/p>\n
Axia Ventures Group Ltd acted as exclusive advisor to Linnaeus in relation to this transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dias Aquaculture SA has reached an agreement in principle for a major investment into the company from Dutch private equity group Linnaeus Capital Partners BV.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"sponsor":[],"class_list":["post-3368","post","type-post","status-publish","format-standard","hentry","category-industry-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/3368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/comments?post=3368"}],"version-history":[{"count":0,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/3368\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/media?parent=3368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/categories?post=3368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/tags?post=3368"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/sponsor?post=3368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}