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Newron Receives Fifth Tranche from Financing Agreement with European Investment Bank (EIB)

Newron Pharmaceuticals SpA / Key word(s): Financing

18-Oct-2021 / 17:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53 SIX Listing Rules

Milan, Italy - October 18, 2021, 5:45 pm CEST - Newron Pharmaceuticals S.p.A. ('Newron') (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system, announces that it has received Tranche 5 under its financing agreement with the European Investment Bank (EIB) that was signed in October 2018 and comprises up to EUR 40 million, subject to achieving a set of agreed performance criteria. The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment plan for Europe. Tranche 5 consists of EUR 7.5 million and will primarily be used to support the Company's development programs in diseases of the central nervous system. The first four tranches of the loan, totaling EUR 32.5 million, were received by Newron in 2019, 2020 and in September 2021.

In connection with Tranche 5, EIB has received warrants entitling it to purchase up to 151,344 ordinary shares of Newron at an exercise price of EUR 9.25 per share.

End of ad hoc announcement
Language: English
Company: Newron Pharmaceuticals SpA
Via Antonio Meucci 3
20091 Bresso
ISIN: IT0004147952
Listed: SIX Swiss Exchange
EQS News ID: 1241593

End of Announcement EQS Group News Service

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Last Updated: 18-Oct-2021