i could have said to read26 Jul 2017 21:41
the RNS 4th July but here it is
4 July 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 13 loan notes with an aggregate par value of £325,000 into equity ("Conversion Notice") in relation to Tranche 2 of the convertible loan note, as announced on 15th May 2017.
The Conversion Notice was received in aggregate for £325,000 of the loan notes. The Company has therefore issued today 11,692,120 new ordinary shares to Darwin ("Darwin Shares") at an issue price of 2.77965p 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 10 July 2017. The Par Value outstanding on the remaining issued 27 loan notes is £675,000 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 145,701,386 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.