June 2, 2017 / 11:36 AM / 3 months ago

BRIEF-Nexstim agrees on extension of Tekes research and development loan repayments

June 2 (Reuters) - NEXSTIM OYJ

* REG-NEXSTIM PLC AGREES ON EXTENSION OF TEKES RESEARCH AND DEVELOPMENT LOAN REPAYMENTS

* AS A RESULT OF THIS AGREEMENT, CASH REPAYMENTS UP TO A MAXIMUM OF EUR 1.8 MILLION WHICH WERE DUE TO BE PAID FROM 2017-2019 WILL NOW BE REPAID BETWEEN 2020 AND 2022

* FULL REPAYMENT OF THESE TWO RESEARCH AND DEVELOPMENT LOANS NEEDS TO BE MADE TO TEKES BY END OF 2023 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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