Conversion of a portion of the Highbridge/Whitebox loans and payment
of the interests
Information on the total number of voting rights (denominator)
Liege, Belgium, 17 November 2022 – 17:50 CET – Mithra Pharmaceuticals SA (Euronext Brussels:
MITRA) (the "Company" or "Mithra"), a company dedicated to Women’s Health, today announces that,
following the first and second drawdowns by the Company under the loan facility concluded with funds
managed by Highbridge Capital Management, LLC ("Highbridge") and funds managed by Whitebox
Advisors, LLC ("Whitebox", and together with Highbridge, each a “Lender”), another portion of the loans
was contributed in kind by Highbridge against the issuance of new shares.
On 8th August 2022, the Company and the Lenders entered into a three-year term senior secured
convertible facilities agreement for an amount of up to EUR 100 million, which can be drawn in three
tranches. The first tranche of EUR 50 million was drawn upon signing of the agreement; the second
tranche of EUR 25 million was drawn on 31st October 2022.
Following the first and second drawdowns, another portion of the loans (including accrued interest, as
relevant, and an option payment amount) was contributed in kind for an aggregate amount of
EUR 1,149,485.46 through the issuance of 204,562 new shares at an issue price of ca. EUR 5.62 per
share. Following the last contribution in kind, the outstanding principal amount of the loans already
drawn is EUR 58,326,161.29.
In addition to this conversion, the first quarterly interest payment was also contributed in kind for an
aggregate amount of EUR 570,030.63 through the issuance of 101,399 new shares at an issue price
of ca. EUR 5.62 per share.
In accordance with article 15 of the Belgian Act of 2 May 2007 on the disclosure of major participations
in issuers of which shares are admitted to trading on a regulated market and regarding miscellaneous
provisions, following this capital increase’s completion Mithra now has 53,870,357 outstanding shares
carrying voting rights (against 53,564,396 outstanding shares carrying voting rights previously).
Therefore, Mithra publishes the following updated information:
• Capital: EUR 39,438,268.05
• Total number of securities carrying voting rights: 53,870,357 (all ordinary shares)
• Total number of voting rights (= denominator): 53,870,357 (all relating to ordinary shares)
• Number of outstanding rights to subscribe to securities carrying voting rights:
o Pursuant to the share option plan of 5 November 2018: 1,394,900 subscription rights
giving right to 1,394,900 ordinary shares
o Pursuant to the share option plan of 22 July 2020: 690,000 subscription rights giving
right to 690,000 ordinary shares