Business
Fundraising & Issue of New Convertible Loan Notes
Fundraising & Issue of New Convertible Loan Notes.
About this update from Boston International Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0918J\n Boston International Holdings PLC\n 22 April 2022\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) (\"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 who/which 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 22 April 2022\n \n \n BOSTON INTERNATIONAL HOLDINGS PLC\n \n \n \n (\"BIH\"\n \n or the \"Company\")\n \n \n Fundraising & Issue of New Convertible Loan Notes 2023\n \n \n Further to the announcement made by the Company on 12 April 2022, the board of directors of BIH (the \"BIH Board\") announces that it has conditionally raised funding of £334,890 (before expenses) of which £187,033 was raised via the issue of 18,703,306 new ordinary shares in the Company at a placing price of 1 pence per share (the \"Placing\"). \n \n \n As part of the Placing, Borden James, a Director of the Company, instructed the Company to allot and issue to a Peterhouse Capital Limited \n (\"Peterhouse\") \n controlled placing account, the 29,571,400 Ordinary Shares originally due to be allotted and issued directly to him. These 29,571,400 shares have been immediately placed by Peterhouse as part of the Placing, and the £147,857 proceeds received by Mr James have simultaneously been reinvested back into the Company, via the issue to Mr James by BIH of a new convertible loan note . \n \n \n The Placing was conducted by Peterhouse Capital on behalf of the Company\n \n \n Further information on the Placing and the Disposal can be found below. \n \n \n Applications for Admission of the New Ordinary Shares\n \n \n Applications have been made to the FCA and the London Stock Exchange for the \n 18,703,306 new ordinary shares\n to be admitted to listing on the Official List (standard listing segment) and to trading on the Lo...