Business
Conversion of Convertible Loan Notes & TVR
Conversion of Convertible Loan Notes & TVR.
About this update from Diaceutics Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3696H\n Diaceutics PLC\n 05 April 2022\n \n \n \n \n 5 April 2022\n Diaceutics PLC\n (\"Diaceutics\" or \"the Company\")\n \n \n \n \n \n Conversion of Convertible Loan Notes & Total Voting Rights\n \n \n \n \n Diaceutics PLC\n \n , (AIM: DXRX), the diagnostic commercialisation company, announces that a holder (\"Noteholder\") of £100,000 of convertible loan notes issued by Diaceutics on 15 October 2018 (\"CLN's\"), has elected to convert the loan note principal plus interest accrued over the period into 233,508 ordinary shares of £0.002 each (\"Ordinary Shares\"), at a 25% discount to the Company's IPO price in accordance with the instrument's terms, being a price of £0.57 per Ordinary Share.\n \n \n \n \n \n In accordance with the authority granted to the Directors at the Annual General Meeting of shareholders on 19 May 2021, 233,508 new Ordinary Shares (the \"Conversion Shares\") will be issued to the Noteholder. Application has been made for the admission of the Conversion Shares to trading on AIM, with such admission expected to become effective on 8 April 2022 (\"Admission\").\n \n \n The Company will have no outstanding convertible loan notes on the allotment of the above Conversion Shares.\n \n \n \n \n \n Following Admission, the total issued share capital of the Company will consist of 84,302,431 Ordinary Shares of £0.002 each. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. \n \n \n \n \n Enquiries:\n \n \n \n \n \n Diaceutics PLC \n \n \n \n \n \n \n \n Nick Roberts, Chief Financial Officer \n \n \n Via Alma PR \n \n \n \n \n \n \n \n \n \n \n \n \n Stifel Nicolaus Europe Limited (Nomad & Broker)\n \n \n Tel: +44 (0)20 7710 7600\n \n \n \n \n Ben Maddison\n \n \n \n \n \n \n \n Stewart Wallace\n \n \n \n \n \n \n \n Nick Adams\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Alma PR\n \n \n Tel: +44(0)20 3405 0205\n \n \n \n \n Caroline Forde\n \n \n [email protected]\n \n \n \n \n Kieran Breheny\n \n \n \n \n \n \n \n Matthew Young\n \n \n &...