Business
Conversion of Convertible Loan Notes
Conversion of Convertible Loan Notes.
About this update from Cindrigo Holdings Limited
[{"type":"text","content":"\n \nRNS Number : 6643S Challenger Acquisitions Limited 21 March 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.\n \nFor Immediate Release \n 21 March 2016\nChallenger Acquisitions Limited\n(\"Challenger\" or the \"Company\")\n \nConversion of Convertible Loan Notes\n \nChallenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry announces that it has allotted 711,646 new ordinary shares of £0.01 each (\"Shares\") on the conversion of £172,200 of the 12% Convertible Loan Notes due 2016, details of which were announced on 20 May 2015. The conversions were as follow:\n \n\n\n\n\nAmount of Convertible Loan Note converted\n\n\nInterest earned up to conversion date\n\n\nConversion Price\n\n\nShares issued\n\n\n\n\n£7,200\n\n\n£158.60\n\n\n20.8035p\n\n\n35,372\n\n\n\n\n£165,000\n\n\n£4,068.49\n\n\n25p\n\n\n676,274\n\n\n\n\n \nApplication has been made to the Financial Conduct Authority (FCA) for the new Ordinary Shares, comprising 711,646 Ordinary 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. It is expected that Admission will become effective, and dealings in the new Ordinary Shares will commence, at 8.00 a.m. on 25 March 2016.\n \nFollowing this allotment, the total number of Ordinary Shares with a nominal value of £0.01 each ...