RE: Ooops.....27 Jul 2021 15:16
Just for clarification 720 as you are obviously hard of understanding:
Your comment -"they have to complete the 9th tranche by Friday"
The actual RNS - "Details of the Convertible Loan Notes
The key elements of Negma's Convertible Loan Notes include:
· The principal amount of the Convertible Loan Notes is £56,000,000, divided into ten tranches of up to 100 Convertible Loan Notes of £56,000 each. The Company has issued a drawdown notice to Negma in relation to the first tranche of Convertible Loan Notes;
· Following the first tranche, the Company shall have the right (but not the obligation) to require Negma to subscribe for up to nine (9) further tranches of Notes of up to 100 Convertible Loan Notes each, over the next 24 months;"