Challenger Acquisitions Limited New York Wheel Update and Conversion of Note (9201Z)
September 06 2018 - 2:00AM
UK Regulatory
TIDMCHAL
RNS Number : 9201Z
Challenger Acquisitions Limited
06 September 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
6 September 2018
Challenger Acquisitions Limited
("Challenger" or the "Company")
New York Wheel Update and Conversion of Note
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has been reported that the developers of the New York Wheel have
applied for an extension based on the following statement:
"The New York Wheel is in the process of negotiating an
amendment to the settlement agreement, including extending the
standstill period. In connection with the amendment negotiations,
all parties have agreed to extend the Sept. 5, 2018 deadline in the
settlement agreement until, at least, Sept. 11, 2018, so that the
amendment can be negotiated."
In addition, Challenger has allotted 47,593,700 new Ordinary
Shares of GBP0.01 each ("Shares") comprising 47,500,000 Shares for
the conversion of GBP95,000 of the remaining original convertible
notes issued in 2015 (see RNS dated 30 August 2018) and a further
93,700 Shares in relation to interest on this convertible note.
Application will be made to the Financial Conduct Authority
("FCA") for 47,593,700 Shares to be admitted to listing on the
standard listing segment of the Official List and to the London
Stock Exchange for such shares to be admitted to trading on the
Main Market for listed securities ("Admission"). It is expected
that Admission will become effective, and dealings in the new
ordinary shares will commence, at 8.00 a.m. on 12 September
2018.
Following this allotment, the total number of ordinary shares
with a nominal value of GBP0.01 each (the "Ordinary Shares") in
issue and the total number of voting rights in the Company is
269,001,572. There are no shares held in treasury. The figure of
269,001,572 Ordinary Shares and voting rights may be used by
shareholders in the Company as the denominator for the calculations
by which they can determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
This announcement contains inside information.
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Mark Gustafson +1 604 454 8677
St Brides Partners Ltd (PR)
Lottie Wadham, Charlotte Page +44 (0) 20 7236 1177
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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