Exicom Tele-Systems Ltd

Exicom Subsidiary Completes $5.5M Equity Conversion 💼

- Exicom Power Solutions B.V. converted $5.5M (approx. €4.77M) in Optionally Convertible Debentures to equity

- Includes additional $1M conversion beyond previously approved $4.5M

- Parent company's shareholding diluted from 100% to 92.23%

- Foreign investor now holds 7.77% stake in Exicom B.V.

- No benefit to promoters, promoter group, or group companies from this restructuring