APQ Global Limited Potential Capital Raise (1180I)
June 15 2017 - 2:00AM
UK Regulatory
TIDMAPQ
RNS Number : 1180I
APQ Global Limited
15 June 2017
APQ Global Limited
("APQ Global" or the "Company")
This announcement contains inside information
15 June 2017
Potential Capital Raise
APQ Global is an emerging markets growth company incorporated in
Guernsey (company registration number 62008) which is listed on The
International Stock Exchange Authority Limited and admitted to
trading on AIM.
As announced on 13 June 2017, the Company is exploring a further
capital raise in order to increase the size of the Company. The
Board considers that an attractive way for the Company to raise
capital at the current time for investment in accordance with its
business strategy would be through the potential issue of a
convertible debt instrument, comprising convertible unsecured loan
stock ("CULS"). The Board believes that there may be interest from
potential investors in an issue of CULS to raise approximately
GBP20 - 25 million which would carry a circa three per cent. annual
coupon (payable quarterly) with a potential seven year term, and
which would have quarterly conversion rights at a 20 per cent.
premium to book value per share (as at the issue date) (the
"Issue").
The Company would limit the amount of CULS or other long-term
debt which may be incurred by the Company to appropriate
levels.
Further details will be announced in due course should the
Company proceed with the Issue.
- End -
Enquiries:
APQ Global ir@apqglobal.com
Bart Turtelboom +44 (0) 7766 527 490
N+1 Singer +44 (0) 20 7496 3000
Nomad and Broker
Notes to editors
Cautionary statement
Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
assumptions and are subject to a number of risks and uncertainties
that could cause actual events or results to differ materially from
any expected future events or results expressed or implied in these
forward-looking statements. Persons receiving this announcement
should not place undue reliance on forward-looking statements.
Unless otherwise required by applicable law, regulation or
accounting standard, APQ does not undertake to update or revise any
forward-looking statements, whether as a result of new information,
future developments or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEUSANRBAANAAR
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