More subcriptions at 5p21 Oct 2016 10:44
Malvern is pleased to announce that it has agreed with with KSP Investments Pte Limited ("KSP") that of a further £178,404 of its loan to the Company will be converted into 3,568,080 ordinary shares at a conversion price of 5 pence per share. (the "Loan Conversion").
The Company has also pleased to announce that CG Corp, (a Cinnovation group company) has subscribed for 4,579,840 new ordinary shares at a price of 5 pence per share raising £228,992 (the "Share Subscription"). The proceeds of the Share Subscription will provide additional working capital and facilitate the continued development of certain new initiatives as outlined in the interim report.