Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
2 Apr 2024 07:00
RNS Number : 7616I
AIM
02 April 2024
NOTICE
02/04/2024 - 07:00
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
ITSARM PLC
2138007SBFARUPP3OP60
ORDINARY SHARES OF GBP0.0025 EACH, FULLY PAID
(BMXMR83)(GB00BMXMR838)
ITSARM/PAR VTG FPD 0.0025
If you have any queries or require further information, please contact the company's nominated adviser.
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END
AMOPPUGWWUPCGWR
Reverse splits good or bad for shareholders. Knowledge is power.
https://www.cabotwealth.com/daily/stock-market/reverse-stock-splits-shareholders
Notice of Results of Creditors Meeting and General Meeting of Shareholders .
Iconic Labs Plc (LSE:ICON), is pleased to announce that on 28 September 2022 it entered into a £3 million Deed of Issuance and Subscription in respect of loan notes (“Notes”) convertible into new ordinary shares with share subscription warrants (“Warrants”) attached (together “the Financing Facility”) with the European High Growth Opportunities Securitization Fund (“EHGO”).
Iconic intends to drawdown on the Financing Facility in up to 14 sequential tranches over a maximum period of 18 months. Each Note has a duration of 24 months as from its date of issue.
Today Iconic submitted a drawdown notice to EHGO for the first tranche of £250,000. The subsequent tranches will be as follows: (i) £150,000 for tranches 2 through 6; and (ii) £250,000 for tranches 7 through 14.
Under the Financing Facility, EHGO will provide Iconic with up to £3 million by subscribing for up to 3,000 Notes, each with a par value of £1,000, convertible into new ordinary shares in the Company, with the Warrants attached. Each Note is convertible into shares of Iconic at a conversion price equal to highest of a) 90% of the lowest volume-weighted average price of the 15 trading days prior to delivery of a conversion notice and b) the nominal value of the shares. Iconic is to pay a commitment fee of £ 150,000 in Notes under the terms of the Financing Facility. On termination of the Financing Facility Iconic has an obligation to pay EHGO an administration fee in the total aggregate amount of twenty percent (20%) of the principal amount of all Notes outstanding at the time of the termination.
The Financing Facility is subject to Iconic complying with certain obligations and conditions precedent, including:
With respect to the fourth tranche onwards, that the suspension on Iconic’s shares from trading on the London Stock Exchange be lifted within 3 months of the agreement being entered into, and that the shares of Iconic recommence trading on Main Market of the London Stock Exchange (the “Commencement of Trading”);
From the first tranche following the Commencement of Trading onwards:
the closing market price of the shares for each of the ten consecutive trading days falling immediately prior to the relevant closing date must be at least higher than 150% of the nominal value of Iconic’s shares; and
the average daily value traded of Iconic’s shares (excluding 5% of the data points from the top and excluding 5% of the data points from the bottom of the data set) for the 20 trading days immediately prior to the applicable closing date must be at least £ 10,000;
From the fifth Tranche onwards, Iconic having published a prospectus ;
No binding commitment having been entered into by Iconic pursuant to which a change of control in Iconic would occur; and No occurrence that constitutes an event of default having occurred and is continuing.
....available on Iconiclabs.co.uk website for full resu
I have been following you Dr K. You are incredible. I am in the medical field too and appreciate your commitment. Thanks a million for all your support. Much appreciated.
Hope to do well for my grand children's family trust.
Wow. AFC in Telegraph News.
https://www.telegraph.co.uk/cars/news/uk-firm-launches-fuel-cell-charge-point-electric-cars-will/