Iconic Labs PLC Subscription of Convertible Notes (8807T)
March 22 2023 - 6:48AM
UK Regulatory
TIDMICON
RNS Number : 8807T
Iconic Labs PLC
22 March 2023
Iconic Labs PLC
("Iconic" or the "Company")
EHGOSF Subscribes for a GBP150,000 Fifth Tranche Under GBP
3million Financing Facility
Iconic Labs PLC (LSE: ICON) announces that. the European High
Growth Opportunities Securitization Fund ("EHGOSF") has subscribed
for a GBP150,000 fifth tranche of convertible notes under the
GBP3million financing facility (the "Facility") that was entered
into on 28 September 2022. This subscription takes the total
subscribed under the Facility to GBP850,000.
In exchange, Iconic will issue 150 convertible notes to EHGOSF
along with 1,250,000,000 warrants with an exercise price of
GBP0.00006.
The funds under this fifth tranche shall be used to meet
Iconic's obligations under the CVA and for operational
purposes.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 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.
For any further information or enquiries please contact:
ir@iconiclabs.co.uk
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