FilingReader Intelligence
KMC Properties converts debt to equity, plans reverse split
July 25, 2025 at 02:01 PM UTC•By FilingReader AI
KMC Properties ASA will convert a NOK 4.5m loan from Bewi Invest AS into equity at NOK 0.058 per share due to lack of cash resources to repay the debt.
The company is also proposing a 100:1 reverse share split to ensure its share price meets the Oslo Stock Exchange's NOK 1 minimum requirement, as shares have traded below this threshold for over six months.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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OSL:KMCP•Oslo Stock Exchange
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