By: ICN Bureau
Last updated : October 24, 2025 2:21 pm
Camlin subscribed to new bonds convertible into Vinpai Shares for €3.3 million
Vinpai, a specialist in the design, manufacture and marketing of algae- and plant-based functional ingredients for the food and cosmetics industries, announces that Camlin Fine Sciences Limited, has subscribed to 3,300 convertible bonds issued by the Company exclusively by way of set-off against the nominal amount of the bonds convertible into Vinpai shares issued to the benefit of Camlin on February 24, 20251 for a total amount of €3.3 million.
This purpose of this issue is to extend the maturity of the convertible bonds financing granted by Camlin to December 31, 2025, which was initially set on October 25, 2025, i.e. beyond the completion of Camlin’s acquisition of a majority stake in the company which is anticipated to be completed on November 12, 2025.