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Bermele PLC (BERM)

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Monday 08 March, 2021

Bermele PLC

Convertible Loan Agreement

RNS Number : 5090R
Bermele PLC
08 March 2021
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OF AMERICA OR SOUTH AFRICA OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 

 

 

For Immediate Release

8 March 2021

 

Bermele Plc

("Bermele" or "the Company")

 

Convertible Loan Agreement

 

Bermele has entered into a Convertible Loan Agreement for £100,000 ("Loan") with a private investor. The Loan, which is for a fixed term of 12 months and carries no interest, is repayable or convertible at the Lender's discretion into new Ordinary Shares in the Company at 0.6 pence per share.

The proceeds from the Loan are to be used for working capital pending completion of the potential acquisition of East Imperial Pte. Ltd as announced by the Company on 20 July 2020. Preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are well advanced.

The transaction remains conditional, inter alia, on consent from the Financial Conduct Authority for the re-admission of the enlarged share capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules).

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 

Enquiries:

Bermele Plc

Toby Hayward

 

+44 (0) 20 3475 9760

[email protected]

Novum Securities Limited

Colin Rowbury

 

+44 (0) 20 7399 9400

 

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