Graphene NanoChem PLC Conversion of loan note and issue of equity (9142M)
August 02 2017 - 7:20AM
UK Regulatory
TIDMGRPH
RNS Number : 9142M
Graphene NanoChem PLC
02 August 2017
2 August 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 nine loan notes with
an aggregate par value of GBP225,000 into equity ("Conversion
Notice") in relation to Tranche 2 of the convertible loan note, as
announced on 15 May 2017.
The Conversion Notice was received in aggregate for GBP225,000
of the loan notes. The Company has therefore issued today
12,363,262 new ordinary shares to Darwin ("Darwin Shares") at an
issue price of 1.8199p 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 August 2017. The Par Value outstanding on the remaining issued 18
loan notes is GBP450,000 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 158,064,648 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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