EU Supply PLC Conversion of Loan Notes and Rule 2.9 Information (2417D)
June 24 2019 - 10:50AM
UK Regulatory
TIDMEUSP
RNS Number : 2417D
EU Supply PLC
24 June 2019
24 June 2019
EU Supply plc
("EU Supply", the "Company" or the "Group")
Conversion of Loan Notes
and
Rule 2.9 Information
Conversion of Loan Notes
EU Supply (LSE AIM: EUSP), the e-procurement SaaS provider,
announces that certain holders ("Noteholders") of the loan notes of
GBP1.00 each issued by EU Supply in accordance with the instrument
dated 27 August 2015 constituting GBP1.649 million fixed rate
secured convertible loan notes 2020 ("Convertible Loan Notes") have
elected to convert their Convertible Loan Notes into new ordinary
shares of 0.1 pence each in the share capital of EU Supply
("Ordinary Shares").
Accordingly, 10,624,395 new Ordinary Shares (the "Conversion
Shares") will be issued to the Noteholders in accordance with the
terms of the Convertible Loan Notes. Application has been made for
the admission of the Conversion Shares to trading on AIM, with such
admission expected to become effective at 8.00 a.m. on 25 June 2019
("Admission").
Rule 2.9 information
In accordance with Rule 2.9 of the Takeover Code, EU Supply
confirms that, following Admission, it will have in issue
82,340,801 ordinary shares of 0.1 pence each. EU Supply does not
hold any ordinary shares in treasury. The International Securities
Identification Number (ISIN) for EU Supply's ordinary shares is
GB00BFG35570. EU Supply also confirms that, as at the date of this
announcement, it has in issue 400,000 fixed rate secured
convertible loan notes of GBP1.00 each due 2020. The International
Securities Identification Number (ISIN) for EU Supply's fixed rate
secured convertible loan notes is GB00BD03F377.
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, David Coaten
A copy of this announcement is available at
www.eu-supply.com.
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a
Sweden-based e-commerce business, which has an established,
market-leading, multilingual e-procurement platform for e-sourcing,
e-tendering and contract management, tailored for the highly
regulated European public sector market.
Since 2006, the Group has invested heavily in employing
specialist programmers to add functionality, legal compliance as
required and security features to its Complete Tender
Management(TM) ("CTM(TM)") platform to ensure that the Group is
ideally placed to secure new contracts with EU Member States and
their Contracting Authorities. The platform is available in 16
different languages.
The Directors believe that the Group's CTM(TM) platform is one
of the easiest to use and most functionally advanced solutions
available in the market. The CTM(TM) platform is used by over 8,000
European public sector bodies in 9 EU/EEC Member States and has
National Procurement System status in four Member States (the UK,
Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November
2013. In August and September 2015, the Company raised a total of
GBP2.061m (before expenses) through a placing of new shares and the
issue of first and second tranches of Convertible Loan Notes to
institutional and other investors. On 25 May 2018, the Company
announced that it had raised a further GBP600k (before expenses)
through a placing and subscription of new shares.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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