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The conversion of the convertible loan between Nexstim Plc and Bracknor 4 November 2016

04 October 2016

Nexstim Plc (NXTMH:HEX, NXTMS:STO) (“Nexstim” or the “Company”), a medical technology company with a pioneering navigated non-invasive brain stimulation system, announces that, pursuant to the authorisations received from the Company's Extraordinary General Meeting on 18 August 2016 and the financing arrangement entered into with Bracknor Investment which was announced on 21 July 2016, the Board of Directors of the Company has today approved the request from Bracknor to convert €75,000 worth of the convertible loan into shares with the subscription price of €0.300135. The Company has decided to transfer 249 887 treasury shares to Bracknor.

 

 

NEXSTIM PLC

Martin Jamieson, Chairman and CEO

 

 

For further information, please visit www.nexstim.com or contact:

 

Nexstim                                                                                                    +44 771 516 3942

Martin Jamieson, Chairman and CEO                                   martin.jamieson@nexstim.com

 

UB Securities Ltd (Certified Adviser)                                                     +358 (0)9 2538 0246

 

Consilium Strategic Communications                                                    +44 (0)20 3709 5700

Mary-Jane Elliott / Ivar Milligan / Laura Thornton                nexstim@consilium-comms.com

 

About Nexstim Plc

 

Nexstim is a medical technology company which has pioneered its technology in brain diagnostics with the Navigated Brain Stimulation (NBS) system as the first and only FDA-cleared and CE-marked navigated Transcranial Magnetic Stimulation (nTMS) system for pre-surgical mapping of the motor and speech cortices. Based on the same technology platform, the company has developed a system called Navigated Brain Therapy (NBT®) which is CE-marked for chronic neuropathic pain, major depression and stroke therapy. Nexstim's shares are listed on Nasdaq First North Finland and Nasdaq First North Sweden. For more information please visit www.nexstim.com

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