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Gowin New Energy Grp (GWIN)

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Tuesday 03 April, 2018

Gowin New Energy Grp

Conversion of Convertible Loan Note

RNS Number : 6842J
Gowin New Energy Group Limited
03 April 2018
 

3 April 2018

 

Gowin New Energy Group Limited

("Gowin" or the "Company")

Conversion of Convertible Loan Note

                                                                                                        

The Company is pleased to announce that pursuant to the announcement by the Company on 30 June 2016, Mr Chen Chih Lung has agreed to convert the whole of, the principal amount outstanding under the Note into new ordinary shares of £0.01 in the capital of the Company ("Ordinary Shares") at the conversion rate of £0.01, the aggregate of 40,000,000 issued fully paid New Ordinary Shares (which would represent approximately 21.62 per cent. of the enlarged issued share capital of the Company).

 

The 40,000,000 new ordinary shares will be admitted to trading on NEX Exchange Growth Market today, 3 April 2018.

Following the Placing, the issued share capital of the Company will increase to 290,000,533 ordinary shares of 1 pence each. 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 share capital of the Company under the Disclosure and Transparency Rules.

The following parties have an interest of more than 3% in the shares of the Company:

Shareholder Name

Number of Ordinary Shares

Percentage Holding

CHEN CHIH LUNG

62,706,320

21.62%

SHU HSIANG WU

32,437,600

11.19%

CHIH-FENG CHAO

24,328,200

8.39%

CHENG-FENG TSAI

24,328,200

8.39%

CHIN-LUNG HSIEH

24,137,633

8.32%

CHIEN MING CHENG

16,218,800

5.59%

JIA HONG GUO

16,218,800

5.59%

CHOICE ONLY INTERNATIONAL ENT CO LTD

9,731,280

3.36%

 

 

The directors of Gowin New Energy Group Limited accept responsibility for this announcement.

For further information please visit www.gowinyichia.com or contact the following:

Garry Willinge                            Gowin New Energy Group Limited           +852 9100 9972

David Scott / James Dewhurst     Alexander David Securities Limited          +44 20 7448 9820


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