Conversion price on convertible loan
The convertible loan in the amount of NOK 71,570,000 has been disbursed to Simtronics and the conversion price has been set at NOK 2.36 in accordance with the terms of the resolution which was passed at the Extraordinary General Meeting on 18 November 2009.
[24.11.2009]For further information, please contact:
Mr. Frode Arnesen, CFO, Simtronics group
Phone + 47 92 01 53 21
Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.