RE: Deluded if you think these trades are buys25 May 2021 12:31
Mint Capital will sell £6,500,000 in principal amount of the February 2021 Loan Notes to placees procured by Peterhouse Capital Limited (the "Sale"). The placees have agreed to an immediate conversion of these loan notes into ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a conversion price of 1.5 pence (the "Conversion");
· Following completion of the Redemption and the Sale and subsequent Conversion;
· There will be no convertible loan notes outstanding;
· There will be no outstanding conversion notices relating to the Facility; and
· The entire Facility entered into with Mint and announced by the Company on 18 November 2020 will terminate.