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BRIEF-Incentiapay Says Suzerain Investment Holdings Gives Notice To Convert Debt Into Stake

Published 28/02/2020, 10:10 am
Updated 28/02/2020, 10:14 am
© Reuters.  BRIEF-Incentiapay Says Suzerain Investment Holdings Gives Notice To Convert Debt Into Stake

© Reuters. BRIEF-Incentiapay Says Suzerain Investment Holdings Gives Notice To Convert Debt Into Stake

Feb 28 (Reuters) - Incentiapay Ltd INP.AX :

* SUZERAIN INVESTMENT HOLDINGS GIVES CO NOTICE TO CONVERT $19.3 MILLION OF ITS DEBT INTO 410.6 MILLION SHARES IN CO

* SUZERAIN TO PROVIDE CO WITH FURTHER $5.825 MILLION LOAN FACILITY

* LOAN WILL BEAR INTEREST AT A RATE OF 10% PER ANNUM

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