RE: Potential recovery play like AYM?10 Dec 2025 13:18
Fallen 1p to 0.08 but maybe some hope
The Company has reached a preliminary, conditional and non-binding agreement with Rebel Ion and the lenders that, subject to a simultaneous successful equity raise, Rebel Ion will acquire both the £5.1 million bullet loan and the £0.7 million convertible loan from the existing lenders and that, upon completion of the novation of the debt from the existing lenders, Rebel Ion will fully convert the £0.7M convertible loan into equity, agree not to dispose of the resulting equity for a period of 12 months and extend the maturity of the £5.1M bullet loan to December 2030. Rebel Ion has indicated that it would be willing, subject to regulatory and feasibility considerations, to make a portion of its debt purchase available to new equity subscribers, proportional to their equity contribution. In the event that the Company and Rebel Ion are able to conclude the arrangements as broadly set out above to the satisfaction of the Board