RE: loan notes5 May 2021 15:05
It's not £7.1m. It's £8.1m now.
From the final results:
To date, Mint has converted loan notes with principal value of £2,500,000 into shares, leaving convertible loan notes to a value of £9,500,000 outstanding. A conversion notice for a further £900,000 in principal value of loan notes was received from Mint on 23 April 2021 and the corresponding shares will be allotted on or around 4 May 2021, after publication of this report, leaving convertible loan notes to a value of £8,600,000 outstanding.
Hemo would have to pay back 114-120% of £8.1 if they cancel it.