Challenger Acquisitions Limited Allotment of Shares re Convertible Notes (0728O)
16 August 2017 - 12:06AM
UK Regulatory
TIDMCHAL
RNS Number : 0728O
Challenger Acquisitions Limited
15 August 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
15 August 2017
Challenger Acquisitions Limited
("Challenger" or the "Company")
Allotment of Shares re Convertible Notes
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has allotted 42,192,971 new Ordinary Shares of GBP0.01 each
("Shares") in relation to the conversion of certain convertible
notes and a further 2,113,626 Shares in relation to interest on
convertible loan notes, as follows:
-- A total of 5,952,166 Shares have been allotted on the
conversion of the last GBP73,408.06 of the Unsecured Convertible
Note due 13 April 2018;
-- A total of 23,891,082 Shares have been allotted to holders of
the Unsecured Convertible Note due 22 April 2018, comprising
22,777,778 Shares on the conversion of the last GBP205,000 of notes
and 1,113,304 Shares for accumulated interest; and
-- A total of 14,463,349 Shares have been allotted to holders of
the Unsecured Convertible Note due 6 May 2018, comprising
13,463,027 Shares on the conversion of GBP170,000 of notes and
1,000,322 Shares for accumulated interest.
Application will be made to the Financial Conduct Authority
("FCA") for 44,306,596 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 ('Admission'). It is expected
that Admission will become effective, and dealings in the new
ordinary shares will commence, at 8.00 a.m. on 21 August 2017.
Following this allotment, the total number of ordinary shares
with a nominal value of GBP0.01 each (the "Ordinary Shares") in
issue and the total number of voting rights in the Company is
126,549,472. There are no shares held in treasury. The figure of
126,549,472 Ordinary 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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