Hawkwing PLC Update on Hawkwing's CULS (6985H)
November 28 2022 - 1:00AM
UK Regulatory
TIDMHNG
RNS Number : 6985H
Hawkwing PLC
28 November 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 6/2014 AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH
THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.
28 November 2022
Hawkwing plc
("Hawkwing" or the "Company")
Update on Hawkwing's Unsecured Convertible Loan Notes
("CULS")
Further to the announcement on 27 October 2022, the Company has
received a statutory demand from a Convertible Loan Note holder
("Holder") for the repayment of GBP2,209,709.59 in respect of the
Holder's CULS by 15 December 2022. The Company has received legal
advice that the Holder's statutory demand should not have been made
and the Holder has been asked to withdraw the statutory demand.
The Company will give a further update to the market in due
course.
Important Notices
This announcement contains 'forward--looking statements'
concerning the Company that are subject to risks and uncertainties.
Generally, the words 'will', 'may', 'should', 'continue',
'believes', 'targets', 'plans', 'expects', 'aims', 'intends',
'anticipates' or similar expressions or negatives thereof identify
forward--looking statements. These forward--looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward--looking
statements. Many of these risks and uncertainties relate to factors
that are beyond the Company's ability to control or estimate
precisely. The Company cannot give any assurance that such
forward--looking statements will prove to have been correct. The
reader is cautioned not to place undue reliance on these
forward--looking statements, which speak only as of the date of
this announcement. The Company does not undertake any obligation to
update or revise publicly any of the forward--looking statements
set out herein, whether as a result of new information, future
events or otherwise, except to the extent legally required.
Nothing contained herein shall be deemed to be a forecast,
projection or estimate of the future financial performance of the
Company.
Enquiries:
Hawkwing plc
Keith Sadler, Senior Independent Non-Executive
Director +44 (0)20 4582 3500
Gracechurch Group
Harry Chathli, Alexis Gore +44 (0)20 4582 3500
About Hawkwing plc
For more information, please refer to the Company's website:
www.hawkwing.co m
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END
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