Replacement: Allotment of Shares

RNS Number : 5954T
Challenger Acquisitions Limited
06 January 2017
 

REPLACEMENT:

 

The following amendment has been made to the 'Allotment of Shares re Convertible Loan Notes' announcement released on 6 January 2017 at 16:00 under RNS No 5834T.

 

The title of the second column of the table should have read "Interest to 31 Dec 2016 converted into Shares" rather than "Interest to 30 Sep 2016 converted into Shares".

 

All other details remain unchanged.

 

The full amended text is shown below.

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

 

For Immediate Release

                                                                                                                                     6 January 2017

Challenger Acquisitions Limited

("Challenger" or the "Company")

 

Allotment of Shares re Convertible Loan Notes

 

Challenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry announces that it has allotted 188,501 new Ordinary Shares of £0.01 each ("Shares") on the conversion of £20,000 of the Unsecured Convertible Loan Note due 13 April 2018 ("Convertible Note 2018") and a further 792,156 Shares to the holders of convertible loan notes in payment of interest due for quarter ended 31 December 2016, as set out in the below table.  In respect of the Convertible Loan Notes due 2019, the Company has elected to pay seven-eighths of the interest due in the form of new Convertible Loan Notes due 2019.

 

Loan Note

Interest to

31 Dec 2016 converted into Shares

Conversion Price

Number of Shares allotted

New Loan Notes Issued

Convertible Notes due 2017 (as extended in 2016)

£59,598.79

11.3p

528,118

Nil

Convertible Notes due 2017

£6,301.37

12.1p

52,126

Nil

Convertible Notes due 2018

£20,164.38

10.6p

190,050

Nil

Convertible Notes due 2019

£2,642.82

12.1p

21,862

£18,500

 

Note: The calculation of the number of shares to be allotted is performed for each individual holder and rounded to the nearest whole share.  As such, there are small rounding differences in the table above.

 

Application has been made to the Financial Conduct Authority ("FCA") for 980,657 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.  It is expected that Admission will become effective, and dealings in the new ordinary shares will commence, at 8.00 a.m. on 12 January 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 22,879,733.  There are no shares held in treasury. The figure of 22,879,733 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.

 

**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 Heap

+44 (0) 20 7236 1177

finnCap (Financial Adviser and Broker)

 

Adrian Hargrave, James Thompson, Kate Bannatyne

+44 (0) 20 7220 0500

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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