TIDMAAA

RNS Number : 2147R

All Asia Asset Capital Limited

07 December 2016

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

7 December 2016

All Asia Asset Capital Limited

("All Asia Asset Capital", "AAA" or the "Company")

Convertible Loan

Further to the announcement of 2 November 2016, All Asia Asset Capital Limited (AIM: AAA), an investment company focused on investing in the growing markets of the Asia Pacific region, announces that the Company has received GBP100,000 in the form of a convertible loan (the "Loan"). The Loan has been provided by Nature Cove Holdings Limited (the "Lender"), which is controlled by a shareholder in the Company.

The Loan's principal amount is to be repaid by the second anniversary of the Loan, together with all interest accrued thereon. The Loan is unsecured and bears annual interest at a rate of 15%, which is to be paid on an annual basis until full repayment. All accrued but unpaid interest shall become immediately payable in the event of the Loan's early repayment.

The Loan's outstanding principal amount and accrued but unpaid interest is to be convertible into new ordinary shares in the capital of the Company at the option of the Lender at any time during the term of the Loan, but also in circumstances of default. Conversion shall take place at the lower of three pence or at the price of the Company's ordinary shares on AIM at the point of conversion.

The Board intends for the Loan to be a source of shorter-term financing for the Company and the Board is currently seeking longer-term sources of financing. Further announcements will be made as appropriate.

-Ends-

For further information:

 
 All Asia Asset Capital Limited 
 Paniti Junhasavasdikul, Chief 
  Executive Officer 
 Robert Berkeley, Executive Chairman 
  and Finance Director 
 Tel: +44 (0) 207 621 8910 
 Tel: +852 3756 0124 
 www.aaacap.com 
 
   Allenby Capital Limited (Nomad 
   & Broker) 
 Nick Athanas / Nick Naylor / 
  Alex Brearley 
 Tel: +44 (0) 203 328 5656 
 www.allenbycapital.com

About AAA

AAA is an investment company that has been established as a platform for investors looking to access growing markets in the Asia-Pacific region. The Company invests in a portfolio of companies with at least a majority of operations (or early-stage companies that intend to have at least a majority of their operations) in the Asia-Pacific region in industries with high growth potential including, but not limited to: agriculture, forestry and plantations, mining, natural resources, property, and/or technology. AAA is publicly quoted and its shares are traded on the AIM Market, which is operated by the London Stock Exchange.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFFFFVLDIIR

(END) Dow Jones Newswires

December 07, 2016 07:25 ET (12:25 GMT)

All Active Asset Capital (LSE:AAA)
Historical Stock Chart
From Mar 2024 to May 2024 Click Here for more All Active Asset Capital Charts.
All Active Asset Capital (LSE:AAA)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more All Active Asset Capital Charts.