Allotment of Shares re Convertible Notes

RNS Number : 8137M

Challenger Acquisitions Limited

02 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

                                                                                                                                    2 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 16,065,838 new Ordinary Shares of £0.01 each ("Shares") in relation to the conversion of certain convertible notes and a further 490,472 Shares in relation to interest on convertible loan notes, as follows:

·     A total of 5,510,282 Shares have been allotted on the conversion of £53,802.39 of the Unsecured Convertible Note due 13 April 2018; and

·     A total of 11,046,028 Shares have been allotted to holders of the Unsecured Convertible Note due 22 April 2018, comprising 10,555,556 Shares on the conversion of £95,000 of notes and 490,472 Shares for accumulated interest.

Application has been made to the Financial Conduct Authority ("FCA") for 16,556,310 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 7 August 2017.

Following this allotment, the total number of ordinary shares with a nominal value of £0.01 each (the "Ordinary Shares") in issue and the total number of voting rights in the Company is 82,242,876.  There are no shares held in treasury. The figure of 82,242,876 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	[phone]
St Brides Partners Ltd (PR)
Lottie Brocklehurst, Charlotte Page	[phone]

 

END

 

 

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