Business
Result of Bondholder Meeting
Result of Bondholder Meeting.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \n 19 June 2018\n\nClear Leisure Plc\n\n(“Clear Leisure†or “the Companyâ€)\n\nResult of Bondholder Meeting\n\nClear Leisure is pleased to announce that, at the meeting of its bondholders held today at the Company's registered office at 22 Great James Street, London WC1N 3ES, the resolutions announced on 11 May 2018 in respect of its €9.9 million Bond (the \"Bonds\") were passed. Under the new terms of the Bonds, the final maturity date has been extended to 15 December 2022 and the Company is now able to convert the Bonds into new ordinary shares of 0.25p each.\n\nBased on the €6.9 million of Bonds in issue today, the Company will pay approximately €7.4 million at the new maturity date.\n\nEufingest, which holds 43.48% of the Bonds, is a substantial shareholder of the Company’s issued share capital as defined by the AIM Rules for Companies. The amendments to the terms of the Bonds is therefore a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors of the Company (each of whom is independent of Eufingest), having consulted with the Company's Nominated Advisor, consider the alteration of the terms of the Bonds to be fair and reasonable insofar as shareholders are concerned.\n\nFrancesco Gardin, the CEO and Chairman of the Company commented: \"I am pleased to announce we have completed the restructuring of the Bond, allowing Clear Leisure to convert the Bond and extend its maturity.â€\n\nMarket Abuse Regulation (MAR) Disclosure\n\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU)...