Bermele PLC Convertible Loan Agreement (5090R)
March 08 2021 - 10:00AM
UK Regulatory
TIDMBERM
RNS Number : 5090R
Bermele PLC
08 March 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES
OR IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OF
AMERICA OR SOUTH AFRICA OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT.
For Immediate Release 8 March 2021
Bermele Plc
("Bermele" or "the Company")
Convertible Loan Agreement
Bermele has entered into a Convertible Loan Agreement for
GBP100,000 ("Loan") with a private investor. The Loan, which is for
a fixed term of 12 months and carries no interest, is repayable or
convertible at the Lender's discretion into new Ordinary Shares in
the Company at 0.6 pence per share.
The proceeds from the Loan are to be used for working capital
pending completion of the potential acquisition of East Imperial
Pte. Ltd as announced by the Company on 20 July 2020. Preparations
for the publication of a prospectus and admission of the enlarged
group to trading on the London Stock Exchange are well
advanced.
The transaction remains conditional, inter alia, on consent from
the Financial Conduct Authority for the re-admission of the
enlarged share capital to the Official List (by way of Standard
Listing under Chapter 14 of the Listing Rules).
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Bermele Plc +44 (0) 20 3475 9760
Toby Hayward info@bermele.com
Novum Securities Limited
Colin Rowbury +44 (0) 20 7399 9400
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END
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