The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSIXH.L Regulatory News (SIXH)

  • There is currently no data for SIXH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Issue of 2nd tranche of loan notes

18 Mar 2015 07:00

RNS Number : 7060H
600 Group PLC
18 March 2015
 

The 600 Group PLC

 

Issue of 2nd tranche of loan notes

 

Further to the announcement made on 16 February 2015, the 600 Group PLC ("600" or "the Company"), the machine tools and laser marking company, is pleased to announce that it has successfully raised a further £955k through the issue of the 2nd tranche of loan notes ("the Loan Notes").

 

The Loan Notes represent a further issuance of the loan notes constituted by a loan note instrument dated 14 February 2015, the first tranche of which was issued on 18 February 2015 ("the 1st Tranche"). The Loan Notes mature on 14 February 2020 and carry a coupon of 8% payable quarterly in arrears. The Loan Notes are redeemable at any time after 14 February 2016 without any penalty. It is intended that the Loan Notes will be listed on the Bermuda Stock Exchange shortly.

 

Consistent with the 1st Tranche, subscribers for the Loan Notes are also entitled to receive warrants, with an expiry date of 14 February 2020, to subscribe for 4.775m ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 20 pence per Ordinary Share. The grant of the warrants will be subject to shareholder approval (which the Company is confident will be granted) at a General Meeting of the Company ("GM") to be held at 10.30a.m. today at the offices of Pinsent Masons LLP, 30 Crown Place, Earl Street, London, EC2A 4ES.

 

Following this grant, there will be 42.320m warrants in issue. 2.4m of these warrants expire on 27 August 2015 and 39.920m warrants expire on 14 February 2020. All of the warrants have an exercise price of 20p.

 

Proceeds from the Loan Note issue will be used to finance further increases in working capital and/or additional investment in Group businesses.

 

A further announcement will be made in due course in relation to the listing of the Loan Notes on the Bermuda Stock Exchange.

 

More information on the Group can be viewed at: www.600group.com

 

Enquiries:

 

The 600 Group PLC

Tel: 01924 415000

Nigel Rogers, Chief Executive

 

Neil Carrick, Finance Director

 

SPARK Advisory Partners Limited (NOMAD)

Tel: 020 3368 3553

Sean Wyndham-Quin / Miriam Greenwood

 

Cadogan PR Limited (Financial PR)

Tel: 020 7499 5002 / 07771 713608

Alex Walters

 

FinnCap (Broker)

Tel: 020 7600 1658

Tony Quirke/Mia Gardiner (Sales/Broking)

 

 

  

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCMMGMFNNMGKZM
Date   Source Headline
22nd Sep 20081:59 pmRNSStatement re The 600 Group plc
15th Sep 200811:45 amRNSAnnual Report and Accounts
22nd Aug 20081:15 pmRNSHolding(s) in Company
15th Aug 20087:00 amRNSInterim Management Statement
7th Aug 20087:00 amRNSBoard Change and Trading Upda
24th Jul 20084:39 pmRNSSale and leaseback of Land an
10th Jul 20089:19 amRNSHolding(s) in Company
4th Jun 20087:00 amRNSFinal Results
3rd Jun 20089:30 amRNSHolding(s) in Company
30th May 20085:23 pmRNSNotice of Results
2nd May 20081:35 pmRNSBlocklisting Interim Review
31st Mar 20085:53 pmRNSDirector/PDMR Shareholding
31st Mar 20085:40 pmRNSDirector/PDMR Shareholding
29th Feb 20083:46 pmRNSResults of EGM
20th Feb 20087:00 amRNSDirector/PDMR Shareholding
18th Feb 200811:24 amRNSHolding(s) in Company
13th Feb 20084:52 pmRNSCirc re. PSP
31st Jan 20087:01 amRNSIMS/Disposal
7th Jan 20089:19 amRNSAnnual Information Update
4th Jan 200811:00 amRNSVoting Rights and Capital
4th Jan 20089:05 amRNSTotal Voting Rights
30th Nov 20077:01 amRNSResponse to PTG Statement
29th Nov 20073:57 pmRNSOffer Update
28th Nov 20079:16 amRNSEPT Disclosure
27th Nov 200710:32 amRNSEPT Disclosure
27th Nov 20079:37 amRNSRule 8.3- 600 Group PLC
26th Nov 200710:31 amRNSRule 8.3- 600 Group PLC
23rd Nov 20076:05 pmRNSEPT Disclosure
23rd Nov 200710:17 amRNSRule 8.3- 600 Group PLC
23rd Nov 20079:20 amRNSEPT Disclosure
22nd Nov 200710:21 amRNSRule 8.3- 600 Group PLC
22nd Nov 20079:18 amRNSEPT Disclosure
21st Nov 200710:33 amRNSRule 8.3- 600 Group PLC
21st Nov 20079:17 amRNSEPT Disclosure
20th Nov 200710:40 amRNSRule 8.3- 600 Group PLC
20th Nov 20078:48 amRNSEPT Disclosure
19th Nov 200710:21 amRNSRule 8.3- 600 Group PLC
19th Nov 20079:49 amRNSEPT Disclosure
16th Nov 20077:01 amRNSInterim Results
9th Nov 200712:00 pmRNSNotice of Results
2nd Nov 200710:47 amRNSBlocklisting Interim Review
31st Oct 20079:36 amRNSEPT Disclosure
25th Oct 20078:42 amRNSEPT Disclosure
10th Oct 20075:18 pmRNSEPT Disclosure
8th Oct 20075:18 pmRNSEPT Disclosure
8th Oct 200712:31 pmRNSRule 2.10 Announcement
8th Oct 200711:30 amRNSResponse to PGT Statement
8th Oct 20078:30 amRNSRule 2.10 Announcement
5th Oct 20075:12 pmRNSStmnt re Share Price Movement
25th Sep 20079:02 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.