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Subscription for £55,000 of Convertible Loan Stock

3 Dec 2020 09:44

RNS Number : 4343H
Path Investments plc
03 December 2020
 

 

Path Investments plc("Path" or the "Company")

 

Subscription for £55,000 of Convertible Unsecured Loan Stock

 

Path Investments plc (TIDM: PATH), the energy and natural resources investment company, announces that certain investors, including directors of the Company, have subscribed for £55,000 of the Company's 2018 nominal convertible unsecured loan stock instrument, as described in the Company's 2018 Annual Report.

 

The directors who have participated are Brent Fitzpatrick and Jack Allardyce, who have each subscribed for £5,000. In addition, Ocean Park Developments, a company ultimately owned by Mr Fitzpatrick has subscribed for £5,000. The funds raised will be applied towards the costs of the Company's proposed re-Admission, as announced on 5 November 2020.

 

The notification set out below, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

 

1.

Details of Director/PDMR

(a)

Name

Brent Fitzpatrick

2.

Reason for notification

(b)

Position / status

Chairman

 

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Path Investments plc

(b)

LEI

21380058VQBP76M7TN11

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 transaction(s) have been conducted

(a)

Description of the financial instrument, type of instrument, Identification code

Ordinary shares of 0.1 pence each

ISIN GB00BYQD5059

PATH

(b)

Nature of the transaction

Subscription pursuant to the Company's 2018 nominal convertible unsecured loan stock instrument

(c)

Price(s) and volume

Price

Volume

Nil

n/a

 

 

(d)

Aggregated information

N/A (single transaction)

(e)

Date of the transaction

2.12. 2020

(f)

Place of the transaction

Outside of trading venue

 

1.

Details of Director/PDMR

(a)

Name

Jack Allardyce

2.

Reason for notification

(b)

Position / status

Executive Director

 

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Path Investments plc

(b)

LEI

21380058VQBP76M7TN11

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 transaction(s) have been conducted

(a)

Description of the financial instrument, type of instrument, Identification code

Ordinary shares of 0.1 pence each

ISIN GB00BYQD5059

PATH

(b)

Nature of the transaction

Subscription pursuant to the Company's 2018 nominal convertible unsecured loan stock instrument

(c)

Price(s) and volume

Price

Volume

Nil

n/a

 

 

(d)

Aggregated information

N/A (single transaction)

(e)

Date of the transaction

2.12.2020

(f)

Place of the transaction

Outside of trading venue

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

For further information please contact:

Path Investments plc

C/O IFC

Christopher Theis

IFC Advisory Limited (Financial PR & IR)

020 3934 6630

Tim Metcalfe

Zach Cohen

Grant Thornton UK LLP (Financial Adviser)

Jamie Barklem

020 7865 2692

Harrison Clarke

020 7184 4384

Keith, Bayley, Rogers & Co. Limited (Broker)

Brinsley Holman

07776 30 22 28

Graham Atthill-Beck

07506 43 41 07

 

 

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END
 
 
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