Malvern International PLC Loan Conversion and Issue of Equity (6520A)
February 03 2022 - 8:51AM
UK Regulatory
TIDMMLVN
RNS Number : 6520A
Malvern International PLC
03 February 2022
3 February 2022
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Loan Conversion
and
Issue of Equity
Malvern International plc ("Malvern" or the "Company"), the
global learning and skills development partner, announces that it
has issued and allotted 35,211,724 new ordinary shares of 0.1p
("Ordinary Shares") each pursuant to the conversion of GBP50,000 of
the loan notes at a conversion price of 0.142 pence per share
(being the average price of the five business days prior to the
conversion date) that were otherwise redeemable on 31 January 2022
(the "Loan Note Conversion").
Following the loan note conversion a further GBP222,817 Loan
Notes remain outstanding of which a further GBP50,000 is redeemable
or convertible on 31 July 2022 with the final balance redeemable or
convertible on 31 December 2022.
The 35,211,724 new Ordinary Shares will rank pari passu with the
Company's existing ordinary share capital. Application has been
made for the 35,211,724 new ordinary shares arising pursuant to the
Loan Note Conversion to be admitted to trading on AIM ("Admission")
which is expected to commence at 8.00 a.m. on or around 9 February
2022.
Following Admission, the total number of Ordinary Shares in the
Company in issue will be 2,144,230,688 and the total number of
voting rights will be 2,144,230,688. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information please
contact:
Malvern International Plc www.malverninternational.com
Mark Elliott - Chairman Via our website
Richard Mace - Chief Executive
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather 0207 220 1666
Notes to Editors:
Malvern International is a learning and language skills
development partner, offering international students essential
academic and English language skills, cultural experiences and the
support they need to thrive in their academic studies, daily life
and career development.
University Pathways - on and off-campus university pathway
programmes helping students progress to a range of universities, as
well as in-sessional and pre-sessional courses.
Malvern House Schools - British Council accredited English
Language Training at English UK registered schools in London,
Brighton and Manchester.
Malvern Online Academy - British Council accredited online
school, offering supported tuition to students from around the
world in English language, higher education, and professional
education.
Juniors and summer camps - fully-immersive summer residential
English language camps and bespoke group programmes for 13 to 18
year olds.
For further investor information go to
www.malverninternational.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEZXLFBLLLZBBK
(END) Dow Jones Newswires
February 03, 2022 09:51 ET (14:51 GMT)
Malvern (LSE:MLVN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Malvern (LSE:MLVN)
Historical Stock Chart
From Jul 2023 to Jul 2024