Related Party Transaction
Summary by AI BETAClose X
14 July 2026
Coppa Collective plc
("Coppa Collective" or "the Company"
and with its subsidiaries "the Group")
Related Party Transaction
Coppa Collective Plc (AIM:COPC) confirms that on 14 July 2026, its wholly owned subsidiary, Coppa Collection Property Holding Limited entered into an agreement to reissue its Deep Discounted Bond with Friends Provident International Limited ("FPI") ("New Deep Discounted Bond").
The principal purpose for issuing the New Deep Discounted Bond is to extend the redemption date from 14 July 2026 to 13 January 2027. The New Deep Discounted Bond has a subscription amount of £3,000,000 and the nominal value is £3,120,329 including accrued interest. All other terms of the New Deep Discounted Bond remain unchanged including the annual interest rate of 8%. The New Deep Discounted Bond is secured against the Company's freehold property in Cobham.
Related Party Transaction
FPI operates on an execution only basis on the sole instruction of Hugh Osmond, a director and substantial shareholder of the Company so accordingly the issue of the New Deep Discounted Bond is deemed to be a related party transaction pursuant to AIM Rule 13 of the AIM Rule for Companies. The Company's directors (excluding Hugh Osmond and Tiffany Sword, who are indirectly interested in this transaction) consider, having consulted with Coppa Collective' Nominated Adviser, Zeus Capital Limited, that the terms of the New Deep Discounted Bond are fair and reasonable insofar as the shareholders of the Company are concerned.
Contacts:
|
Coppa Collective plc |
Via Alma |
|
Mark Loughborough (Chief Executive Officer) |
|
|
Sharon Badelek (Chief Financial Officer) |
|
|
|
|
|
Zeus (Sole Broker & NOMAD) |
+44 (0)20 3829 5000 |
|
Harry Ansell |
|
|
Antonio Bossi |
|
|
Darshan Patel |
|
|
George Duxberry |
|
|
|
|
|
|
|
|
Alma Strategic Communications |
+44 (0)20 3405 0205 |
|
David Ison |
|
|
Rebecca Sanders-Hewett |
|
|
Will Merison |
|
About Coppa Collective plc
Coppa Collective is a premium, multi-format hospitality group operating in the United Kingdom.
The Group operates three core brands across 24 locations:
|
· |
Coppa Club, a multi-use, all-day concept that combines restaurant, terrace, café, lounge, bar and work spaces.
|
|
· |
The Linwood Collection, a group of premium pubs with rooms.
|
|
· |
Noci, a modern Italian concept which serves very high-quality dishes at reasonable prices.
|
For more information visit www.coppacollective.co.uk.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 days ago City of London Investment Group
- 2 days ago Aberdeen Group plc
- 2 days ago NATWEST GROUP
- 2 days ago Ondo Insurtech
- 2 days ago Banco Santander S.A.