Last checked at 15 Jul 2022 07:00
Mode Global Holdings PLC
(the "Company")
DIRECTORS' SUBSCRIPTION TO LOAN NOTES
Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, announces that further to and with reference to the Company's announcement dated 13 July 2022 titled "Completion of Fundraising" ("Announcement"), the Loan Notes subscribed for by certain directors are as set out below:
Director | Subscription
|
Rita Liu, Chief Executive Officer | £20,000 |
David Shrier, Non-Executive Director | £25,000 |
Michael Robertson, Non-Executive Director | £20,000 |
TOTAL | £65,000 |
The Loan Notes subscribed for by David Shrier are held by Visionary Future LLC, an entity in which Mr. Shrier is an interest holder.
As stated in the Announcement, investors in the Loan Notes will also be issued with Warrants.
Press contacts:
Fiona McAra, MRM
+44 (0)7471 350286
mode@mrm-london.com
Julie Sand, Mode Global Holdings PLC
+44 (0)203 773 0588
julie.sand@modeapp.com
Notes to Editors
About Mode:
Mode is an LSE-listed fintech company on a mission to build the world's most disruptive ecosystem where exchanging value and growing wealth is seamless for all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer customers in the UK a one-stop app to shop, earn and grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper, safer and smarter alternative to card payments that rewards shoppers with Bitcoin Cashback.
To learn more, visit our customer/business site at www.modeapp.com or our investor site at www.modeplc.com.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Rita Liu |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, UK emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mode Global Holdings Plc |
b) | LEI | 2138001BLO7EORII7E91 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 par each in the capital of the Company GB00BKX8NT01 |
b) | Nature of the transaction | Subscription of £20,000 of loan notes convertible into ordinary shares of £0.01 par each in the capital of the Company |
c) | Price(s) and volume(s) | N/A |
d) | Aggregated information - Aggregated volume - Price |
N/A |
e) | Date of the transaction | 13 July 2022 |
f) | Place of the transaction | Outside a trading venue |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code
| Ordinary shares of £0.01 par each in the capital of the Company GB00BKX8NT01 |
b) | Nature of the transaction | Grant of warrants with rights to subscribe for ordinary shares of £0.01 par each in the capital of the Company |
c) | Price(s) and volume(s) | Price: 20p exercise price Volume: 20,000 warrant shares |
d) | Aggregated information - Aggregated volume - Price |
Volume: 20,000 warrant shares Price: 20p exercise price |
e) | Date of the transaction | 13 July 2022 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | David Shrier |
2 | Reason for the notification | |
a) | Position/status | Non-Executive Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, UK emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mode Global Holdings Plc |
b) | LEI | 2138001BLO7EORII7E91 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 par each in the capital of the Company GB00BKX8NT01 |
b) | Nature of the transaction | Subscription of £25,000 of loan notes convertible into ordinary shares of £0.01 par each in the capital of the Company |
c) | Price(s) and volume(s) | N/A |
d) | Aggregated information - Aggregated volume - Price |
N/A |
e) | Date of the transaction | 13 July 2022 |
f) | Place of the transaction | Outside a trading venue |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code
| Ordinary shares of £0.01 par each in the capital of the Company GB00BKX8NT01 |
b) | Nature of the transaction | Grant of warrants with rights to subscribe for ordinary shares of £0.01 par each in the capital of the Company |
c) | Price(s) and volume(s) | Price: 20p exercise price Volume: 25,000 warrant shares |
d) | Aggregated information - Aggregated volume - Price |
Volume: 25,000 warrant shares Price: 20p exercise price |
e) | Date of the transaction | 13 July 2022 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Michael Robertson |
2 | Reason for the notification | |
a) | Position/status | Non-Executive Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, UK emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Mode Global Holdings Plc |
b) | LEI | 2138001BLO7EORII7E91 |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 par each in the capital of the Company GB00BKX8NT01 |
b) | Nature of the transaction | Subscription of £20,000 of loan notes convertible into ordinary shares of £0.01 par each in the capital of the Company |
c) | Price(s) and volume(s) | N/A |
d) | Aggregated information - Aggregated volume - Price |
N/A |
e) | Date of the transaction | 13 July 2022 |
f) | Place of the transaction | Outside a trading venue |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification code
| Ordinary shares of £0.01 par each in the capital of the Company GB00BKX8NT01 |
b) | Nature of the transaction | Grant of warrants with rights to subscribe for ordinary shares of £0.01 par each in the capital of the Company |
c) | Price(s) and volume(s) | Price: 20p exercise price. Volume: 20,000 warrant shares |
d) | Aggregated information - Aggregated volume - Price |
Volume: 20,000 warrant shares Price: 20p exercise price |
e) | Date of the transaction | 13 July 2022 |
f) | Place of the transaction | Outside a trading venue |