Issue of £350,000 Convertible Loan Note

Fandango Holdings PLC

06 September 2023

 

Fandango Holdings plc / Index: LSE / Epic: FHP / Sector: Investment

6 September 2023

Fandango Holdings plc ('Fandango' or 'the Company')

Issue of £350,000 Convertible Loan Note

Fandango Holdings plc is pleased to announce that it has issued Convertible Loan Notes to certain investors in the nominal amount of £350,000 (the "Loan Notes"), the proceeds of which will be used to advance the previously announced proposed acquisition of European Battery Metals Pty Ltd (the "Acquisition").

The Loan Notes have a one-year term from the issue date, being 1 September 2023, and will attract interest payable annually at 8%. The Loan Notes will be automatically converted into Ordinary Shares of the Company, at the same price as any contemplated fundraise, on the successful readmission of the Company's Ordinary Shares to the Official List and to trading on the main market for listed securities of the London Stock Exchange.

ENDS

For further information visit www.fandangoholdingsplc.com or contact: 

Charles Tatnall

Fandango Holdings plc

E: [e-mail]

 

END