Business
Replacement: Bond Issue
Replacement: Bond Issue.
About this update from Software Circle Plc
[{"type":"text","content":"\n \n \n \n The following announcement replaces the announcement released on 12 December 2022 at 17:51 under RNS number 4456J which contained three errors. These errors related to the amount of Bonds issued and the amount which the Bonds raised. All other details remain unchanged and the corrected announcement is set out below.\n \n \n \n \n \n \n \n \n \n 13 December 2022\n \n \n \n \n Grafenia plc\n \n \n \n \n (\"Grafenia\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Bond Issue\n \n \n \n \n \n \n Grafenia plc (AIM: GRA) is pleased to announce that the Company has issued further bonds (the \"Bonds\") via the perpetual bond facility put in place in July 2020. The Company has issued £3.2 million of the Bonds, at nominal value, to investors, raising approximately £2.72 million before expenses. The key terms of the Bonds that have been issued are:\n \n \n \n \n \n ●\n amount issued - £3.2 million;\n \n \n \n \n \n ●\n issued at 85% of their nominal value;\n \n \n \n \n \n ●\n no interest until July 2023;\n \n \n \n \n \n ●\n thereafter, interest of 6% per annum payable annually in arrears;\n \n \n \n \n \n ●\n trade date of 12 December 2022 and settlement date of 14 December 2022;\n \n \n \n \n \n ●\n redeemable by the Company on 19 July 2023 or any anniversary thereafter;\n \n \n \n \n \n ●\n admitted to trading in the Open Market on the Frankfurt Stock Exchange with ISIN DE000A28ZF69 and stock exchange abbreviation PF5A;\n \n \n \n \n \n ●\n non-convertible;\n \n \n \n \n \n ●\n unsecured - to rank pari passu with any past and future bonds.\n \n \n \n \n \n The Bond was arranged by the Company's Settlement and Paying Agent Quirin Privatbank AG (\"Quirin\").\n \n \n \n \n \n The net proceeds of the Bonds issued will be used to support the Company's acquisition strategy.\n \n \n \n \n \n \n Gavin Cockerill\n \n , Acting CEO of Grafenia commented \"Over the last 12 months we have invested in building the structure required for us to be a serial acquirer and permanent home for vertical market software businesses. The funds being raised via the bond placing are for further potential acquisitions we currently have in the pipeline. We're pleased with the\n ongoing progress being made with our acquisition strategy. ...