Business
Funding, TVR, Loan Novation, Appointment of Broker
Funding, TVR, Loan Novation, Appointment of Broker.
About this update from Boston International Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1808U\n Boston International Holdings PLC\n 31 March 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"EUWA\")) (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n For immediate release\n \n \n 31 March 2021\n \n \n Boston International Holdings plc\n \n \n (\"BIH\" or \"the Company\")\n \n \n New Funding, Total Voting Rights, Issue of Warrants, Novation of Loan and Appointment of Broker\n \n \n The Directors of BIH are pleased to announce that £199,956 of new financing has been secured by way of a fundraising undertaken by Peterhouse Capital Limited (\"Peterhouse\") which involves a combination of a subscription of £126,714 Convertible Loan Notes (\"Notes\") and the placing of 7,324,189 new ordinary shares of 1p each (the \"Ordinary Shares\") all at a price of 1p by Peterhouse (the \"Fundraise\"). \n \n \n Peterhouse Capital has been appointed as sole Broker to the Company with immediate effect. \n \n \n Fundraise\n \n \n Boston Merchant (HK) Ltd (\"BMHK\") has subscribed for £95,714 worth of Notes and Emirates Fund Exchange PLTD (\"Emirates\") has subscribed for £31,000 worth of Notes. Simultaneously, BMHK has sold 9,571,428, Ordinary Shares at the price of 1p per share and Emirates has sold 3,100,000 Ordinary Shares at the price of 1p per share to new investors introduced by Peterhouse. As a result, BMHK as of today no longer holds any Ordinary Shares in the Company. \n \n \n BMHK is 98.04% owned by Borden James, a director of BIH.\n \n \n In addition, Peterhouse has placed 7,324,189 new Ordinary Shares at a price of 1p per Ordinary Share (the \"Placing Shares\"), raising £73,241 from new investors. \n \n \n The additional funds will be used for working capital and due diligence on...