IN BRIEF: Fandango issues GBP350,000 notes to help reverse takeover

Wed, 06th Sep 2023 17:18

Fandango Holdings PLC - London-based investment company focused on the industrial and services sectors - Issues one-year convertible loan notes worth GBP350,000 with annual interest rate of 8% to "certain investors", the proceeds of which will be used to advance the previously announced proposed acquisition of European Battery Metals Pty Ltd.

In June, Fandango signed a deal to acquire European Battery Metals, which will constitute a reverse takeover if it proceeds.

Shares are currently suspended due to the planned reverse takeover.

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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