Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Monchhichi plc (MCC)

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Thursday 08 June, 2017

Monchhichi plc

Investment Warrants and Directors' Interests

RNS Number : 5439H
Monchhichi plc
08 June 2017
 

 

For Immediate Release

8 June 2017

 

 

Monchhichi Plc

 

 ('Monchhichi' or the 'Company')

 

Maturity date extension to Bonus Warrants

Issuance of 25 million Investment Warrants

CEO subscribes for additional 5 million Investment Warrants

Quarterly share issuance to Directors in lieu of remuneration

Conversion of liabilities and fees into equity

 

Maturity Extension Bonus Warrants  

The Board is pleased to inform holders of the Bonus Warrants that were issued to shareholders on the register on 5 January 2017 that the maturity date has been extended until 24 December 2017.  No action is required to be taken by holders of these Bonus Warrants presently.  At the appropriate time, the Company will make further announcements with regards to these Bonus Warrants.

 

Issuance of 30 million Investment Warrants  

The Company has furthermore placed a total of 30 million assignable Investment Warrants that can convert into an equivalent number of new ordinary shares in the Company at 47.5p per share with two international investors and the Company's CEO.  The upfront investment consideration per Investment Warrant is 1.0p premium for a total cash amount of £300,000.  The Investment Warrants maturity date is 24 December 2017.  The maturity date accelerates to 15 working days from the date Monchhichi provides notification to the Investment Warrant holder that it has entered into a binding agreement for one or more investments with a combined value of at least £40 million and with a minimum of 25% of such consideration being satisfied through the issuance of newly issued shares of the Company at a notional price of 60p per Monchhichi share or more.  Should these Investment Warrants be exercised in full it would raise a total of £14.55 million in cash for the Company including the initial upfront 1.0p premium per Investment Warrant.  As part of the issuance 5 million Investment Warrants have been subscribed for by Monchhichi CEO Jean Pascal Tranié.

 

Quarterly Share Issuance to Directors

As was announced in January 2017, all current Directors opted to convert their entire fixed annual 2017/18 cash remuneration of £24,000 on a quarterly basis into ordinary Monchhichi shares at a fixed price of 40p per share.  As a result, the Company has today issued for the period up to 31 March 2017 the following shares:

 

Name of Director

No. Shares Issued

Previous Shareholding

New Shareholding / Percentage

Simon Fry (held through SIPP)

15,000

500,000

515,000 / 1.14%

Jean Pascal Tranie

15,000

1,410,000

1,425,000 / 3.17%

Felipe Wallace Simonsen

15,000

18,000

33,000 / 0.07%

 

Furthermore 60,000 shares were issued today to the Company Secretary Stuart Davies.  With effect from 8 June 2017, Cooley Secretarial Services will take over the role of Company Secretary.  Stuart shall remain available in a consultancy role to the Directors and the Company until 30 June 2017.  

 

Conversion of Liabilities and Fees into equity

In addition, a total amount of £450,000 of outstanding liabilities and financial commitments have been converted into 1,000,000 new Monchhichi shares.

 

Application has been made to the London Stock Exchange for the admission to trading of 1,105,000 new ordinary shares.  It is expected that admission will become effective on 14 June 2017.

 

After admission of the new shares the Company's share capital will consist of 45,007,162 ordinary shares with voting rights.  The Company does not hold any ordinary shares in treasury.  Therefore, the total number of voting rights in the Company will be 45,007,162.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Commenting on today's announcement Jean Pascal Tranié, CEO of Monchhichi PLC said:  

 

"The introduction of additional long term growth oriented international investors through the issuance of bespoke Investment Warrants further enhance our ability to conduct meaningful transactions within our stated Investment Policy.  At the same time, we are pleased to extend the maturity date of the Bonus Warrants by a period of four months.  We thank Stuart for his assistance over the past months as Company Secretary and wish him well for the future."  

 

- Ends -

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

Enquiries:

Panmure Gordon (Nominated Adviser and Broker)

Dominic Morley

 

 

Tel: +44 (0)20 7886 2500

 

Buchanan (Financial communications)

Richard Oldworth / Henry Harrison-Topham

[email protected]

 

Tel: +44 (0)20 7466 5000

www.buchanan.uk.com

 

 

 

 


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