Business
Issue of Equity - Mandatory Loan note conversion
Issue of Equity - Mandatory Loan note conversion.
About this update from Aterian Plc
[{"type":"text","content":"\n \nRNS Number : 3095I Equatorial Mining & Exploration PLC 07 August 2019 \n\n7 August 2019\n \nEquatorial Mining and Exploration Plc\n(\"EME\" or the \"Company\")\nConversion of Convertible Loan Notes\nThe Company is pleased to announce that pursuant to the announcement by the Company on 3 June 2019, the Noteholders of the Convertible Loan Notes have converted the whole of, the principal amount outstanding under the Notes into new ordinary shares of 0.01p par value in the capital of the Company (\"Ordinary Shares\").\nThe 9,040,000,000 new Ordinary Shares resulting from the converstion of the Convertible Loan Notes will be admitted to trading on NEX Exchange Growth Market today, 7 August 2019.\nFollowing the conversion, the issued share capital of the Company will increase to 24,299,849,507 Ordinary Shares of 0.01p each. This figure 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 share capital of the Company under the Disclosure and Transparency Rules.\nThe directors of Equatorial Mining and Exploration Plc accept responsibility for this announcement.\n \n \n \nEquatorial Mining & Exploration Plc: [email protected] \nCharles Bray, Executive Chairman\nNEX EXCHANGE CORPORATE ADVISER:\nAlexander David Securities Limited \nDavid Scott -Corporate Finance \nJames Dewhurst - Corporate Broking \nTelephone: +44 (0) 20 7448 9820\nhttp://www.ad-securities.com\n49 Queen Victoria Street, London EC4N 4SA\n \n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END NEXBUGDIRUGBGCR\n ","length":3601,"tagName":"div"}]