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Conversion of loan note and issue of equity

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By LSE RNS

RNS Number : 7184P
Graphene NanoChem PLC
04 September 2017
 

4 September 2017

Graphene NanoChem PLC

("Graphene NanoChem" or the "Group")

Conversion of loan note and issue of equity

 

Graphene NanoChem plc. (AIM:GRPH), the international provider of nanotechnology performance enhancing solutions for global industries, announces that it has received a notice of exercise by Darwin Capital Limited ("Darwin") to convert 3 loan notes with an aggregate par value of £75,000 into equity ("Conversion Notice") in relation to Tranche 2 of the convertible loan note, as announced on 15th May 2017.

The Conversion Notice was received in aggregate for £75,000 of the loan notes. The Company has therefore issued today 6,160,427 new ordinary shares to Darwin ("Darwin Shares") at an issue price of 1.217448p per Darwin Share. The Darwin Shares will rank pari passu in all respects with the existing ordinary shares. Application will be made for the Darwin Shares to be admitted to trading on AIM and admission is expected to take place on or around 8 September 2017. The Par Value outstanding on the remaining issued 15 loan notes is £375,000 after conversion today. Terms of the loan notes, including redemption and conversion, were set out in the announcement dated 15 May 2017.

Following the issue of the Darwin Shares, the Company's issued share capital consists of 164,225,075 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

  For further information:

Graphene NanoChem

Tel: +603 2282 3080

Jespal Deol, Chief Executive Officer




Panmure Gordon (NOMAD and Broker)


Adam James / Tom Salvesen

Tel: +44 (0) 20 7886 2500



Yellow Jersey PR Limited (Media)

Tel: +44 (0)7544 275 882

Charles Goodwin / Harriet Jackson


 

About Graphene NanoChem

Graphene Nanochem plc (AIM: GRPH), is an international provider of nanotechnology performance enhancing solutions for global industries. The Group employs nanoprocesses and nanomaterials to design, engineer and enhance the performance of mainstream products for a wide range of industrial applications. It has established two major functional platforms in the energy and water sectors, and the Group, through partnerships with established industry players, is focused on building market opportunities in both sectors whilst continuing its developmental work in other strategic application areas of nanotechnology.

Headquartered in Malaysia, Graphene Nanochem was admitted to the AIM of the London Stock Exchange on 26 March 2013, following the reverse acquisition of Biofutures International plc, and trades under the symbol GRPH.L. To find out more, please visit www.graphenenanochem.com.

                                                                                       

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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