Challenger Acquisitions Limited Redemption and conversion of Notes (7567G)
06 March 2018 - 6:00PM
UK Regulatory
TIDMCHAL
RNS Number : 7567G
Challenger Acquisitions Limited
06 March 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
For Immediate Release
6 March 2018
Challenger Acquisitions Limited
("Challenger" or the "Company")
Redemption and conversion of Notes
Challenger Acquisitions Limited (LSE: CHAL) announces that it
has allotted 38,826,686 new Ordinary Shares of GBP0.01 each
("Shares") comprising 31,159,458 Shares in relation to the
conversion of certain convertible notes and a further 7,667,228
Shares in relation to interest on convertible notes as follows:
-- A total of 9,901,353 Shares have been allotted to holders of
the Secured Convertible Note due 2 March 2018, comprising 4,166,667
Shares on the conversion of the entire balance of GBP500,000 of
notes and 5,734,686 Shares for accumulated interest;
-- A total of 9,394,510 Shares have been allotted to holders of
the Unsecured Convertible Note due 6 May 2018, comprising 8,242,791
Shares on the conversion of GBP35,444 of notes and 1,151,719 Shares
for accumulated interest;
-- A total of 19,530,823 Shares have been allotted to holders of
the Unsecured Convertible Note due 8 June 2019, comprising
18,750,000 Shares on the conversion of GBP75,000 of notes and
780,823 Shares for accumulated interest.
Application has been made to the Financial Conduct Authority
("FCA") for 38,826,686 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 12 March 2018.
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
221,407,872. There are no shares held in treasury. The figure of
221,407,872 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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