RE: On the UP17 Dec 2020 08:34
Further news of loan...
Additional Convertible Loan to MESH Holdings plc
The Board of AAA is pleased to announce the Company has agreed to advance a further €650,000 under the existing Convertible Loan Note ('CLN') to MESH Holdings plc ('MESH'). The total amount outstanding under the CLN will be €3.65 million (the 'Loan'). This can be converted, at the sole discretion of AAA, into new ordinary MESH shares at 40p per MESH share.
The Loan will yield annual interest of 5% payable on repayment on 26 November 2022 and has a first ranking security interest over the shares of Sentiance N.V. ('Sentiance') held by MESH. The Loan may, in certain circumstances, be repayable to AAA prior to the repayment date........