Craven House Capital PLC Issue of Equity (2136Q)
October 17 2019 - 4:55AM
UK Regulatory
TIDMCRV
RNS Number : 2136Q
Craven House Capital PLC
17 October 2019
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Craven House Capital plc
("Craven House" or the "Company")
Issue of Equity
Craven House Capital (AIM:CRV) announces that the board has
received notice that GEM Global Yield Fund LLC, a member of the New
York based Global Investments America ("GEM"), wishes to exercise
an option to convert $100,000 worth of a convertible loan note. GEM
previously held the convertible loan note with a principal of
$750,000, of which now $650,000 remains outstanding. The loan note
bears no interest and has a five year term. The note holder has the
right to convert the note at any time prior to maturity.
Henceforth, the Company has allotted 48,500 ordinary shares of
$1.00 in the capital of the Company ("Ordinary Shares") at the
conversion price of $2.06 per share.
Application will be made for the admission to trading on AIM
("Admission") for the 48,500 new Ordinary Shares. The new Ordinary
Shares will rank pari passu in all respects with the existing
Ordinary Shares of the Company. Admission is expected at 8.00 a.m.
on or around 23 October 2019.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 2,580,448 Ordinary Shares which may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules. The Company does not hold any shares in treasury.
Ends
For further information please contact:
Craven House Capital Plc Tel: 0203 286 8130
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Limited Tel: 0203 368 3550
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital:
The Company's Investing Policy is to invest in or acquire a
portfolio of companies, partnerships, joint ventures, businesses or
other assets globally in any geographic jurisdiction. The company
will invest in both developed and developing markets providing long
term patient capital and is often involved in special situations,
restructuring, expansion and turn around investments in crisis and
transitioning economies.
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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