Challenger Acquisitions Limited Allotment of Shares re Convertible Notes (5947S)
04 October 2017 - 1:45AM
UK Regulatory
TIDMCHAL
RNS Number : 5947S
Challenger Acquisitions Limited
03 October 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
3 October 2017
Challenger Acquisitions Limited
("Challenger" or the "Company")
Allotment of Shares re Convertible Notes
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has allotted 17,000,000 new Ordinary Shares of GBP0.01 each
("Shares") in relation to the conversion of certain convertible
notes and a further 882,473 Shares and 19,935 new Convertible Notes
due 30 June 2019 in relation to interest on convertible notes as
follows:
-- A total of 10,245,500 Shares have been allotted to holders of
the Unsecured Convertible Note due 8 June 2019, comprising
10,000,000 Shares on the conversion of GBP100,000 of notes and
245,500 Shares for accumulated interest;
-- A total of 7,415,700 Shares have been allotted to holders of
the Unsecured Convertible Note due 10 June 2018, comprising
7,000,000 Shares on the conversion of the last GBP70,000 of notes
and 415,700 Shares for accumulated interest; and
-- 221,273 Shares and 19,935 new convertible notes have been
allotted in relation to the Secured Convertible Note due 30 June
2019, for interest for the quarter ended 30 September 2017.
Application has been made to the Financial Conduct Authority
("FCA") for 17,882,473 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 9 October 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
182,103,088. There are no shares held in treasury. The figure of
182,103,088 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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