Challenger Acquisitions Limited Allotment of shares for convertible notes (0229B)
30 March 2017 - 8:45PM
UK Regulatory
TIDMCHAL
RNS Number : 0229B
Challenger Acquisitions Limited
30 March 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For immediate release 30 March 2017
Challenger Acquisitions Limited
("Challenger" or the "Company")
Allotment of shares for convertible notes
Challenger Acquisitions Limited (LSE: CHAL), announces that it
has allotted 8,697,927 new Ordinary Shares of GBP0.01 each
("Share") as follows:
-- 3,079,213 Shares at 3.3p per Share on the conversion of
GBP100,000 of the 12% unsecured convertible notes due 6 May
2017;
-- 3,543,750 Shares at 3.2p per Share on the conversion of
GBP113,400 of the 12% unsecured convertible notes due 6 May
2017;
-- 1,206,329 Shares at 3.3p per Share on conversion of GBP40,453
of the unsecured convertible notes due 13 April 2018;
-- 79,916 Shares at 3.3p per Share to settle interest of
GBP2,579 due up until the date of conversion: and
-- 788,719 Shares at 3.2p per Share to settle interest of
GBP25,239 due up until the date of conversion.
Application has been made to the Financial Conduct Authority
("FCA") for 8,697,927 Shares to be admitted to listing on the
standard listing segment of the Official List and to the London
Stock Exchange for such shares to be admitted to trading on the
Main Market for listed securities. It is expected that Admission
will become effective, and dealings in the new ordinary shares will
commence, at or around 8.00a.m. on 5 April 2017.
Following this allotment, the total number of Shares in issue
and the total number of voting rights in the Company is 39,916,672.
There are no Shares held in treasury. The figure of 39,916,672
Shares and voting rights may be used by shareholders in the Company
as the denominator for the calculations by which they can 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 FCA's
Disclosure and Transparency Rules.
This announcement contains inside information.
**ENDS**
For more information visit www.challengeracquisitions.com or
enquire to:
Challenger Acquisitions Limited
Mark Gustafson +1 604 454 8677
St Brides Partners Ltd (PR)
Lottie Brocklehurst, Charlotte +44 (0) 20 7236
Page 1177
Notes to Editors:
Challenger (LSE: CHAL) has a US$3 million equity interest in the
US$590 million New York Wheel Project and is currently focusing on
appraising additional opportunities in the attractions sector.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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