Grafenia plc Bond Issue (4491N)
21 January 2023 - 1:49AM
UK Regulatory
TIDMGRA
RNS Number : 4491N
Grafenia plc
20 January 2023
20 January 2023
Grafenia plc
("Grafenia", the "Company" or the "Group")
Bond Issue
Grafenia plc (AIM: GRA) is pleased to announce that the Company
has issued further bonds (the "Bonds") via the perpetual bond
facility put in place in July 2020. The Company has issued GBP3.0
million of the Bonds, at nominal value, to investors, raising
approximately GBP2.55 million before expenses. The key terms of the
Bonds that have been issued are:
-- amount issued - GBP3.0 million;
-- issued at 85% of their nominal value;
-- no interest until July 2023;
-- thereafter, interest of 6% per annum payable annually in arrears;
-- trade date of 20 January 2023 and settlement date of 24 January 2023;
-- redeemable by the Company on 19 July 2023 or any anniversary thereafter;
-- admitted to trading in the Open Market on the Frankfurt Stock
Exchange with ISIN DE000A28ZF69 and stock exchange abbreviation
PF5A;
-- non-convertible;
-- unsecured - to rank pari passu with any past and future bonds.
The Bond was arranged by the Company's Settlement and Paying
Agent Quirin Privatbank AG ("Quirin").
The net proceeds of the Bonds issued will be used to support the
Company's acquisition strategy.
Gavin Cockerill , Acting CEO of Grafenia commented "We continue
to make progress with our strategy to become a serial acquirer and
permanent home for vertical market software businesses . Our third
acquisition of the Financial Year was completed earlier this week.
The funds being raised will be applied to further potential
acquisitions we have in the pipeline."
For further information:
Grafenia plc
Gavin Cockerill (Acting CEO) 07968 510 662
Allenby Capital Limited (Nominated Adviser and broker) 0203 328 5656
David Hart / Piers Shimwell
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END
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