News1 Jun 2018 08:03
Myanmar-focused internet-based mobile applications, announces that, pursuant to the convertible bond issuance on 7 March 2018, the Company has received a notice of conversion in respect of £350,000 convertible bonds into 25,425,575 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") ("Conversion Shares") at a conversion price of approximately 1.38 pence per Conversion Share.
Application will be made for the Conversion Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the Conversion Shares will commence on or around 6 June 2018 ("Admission").