Clean Tech Building Materials: Loan Facility Debt Conversion
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December 18, 2020
CLEANTECH BUILDING MATERIALS PLC, NASDAQ FIRST NORTH GROWTH MARKET, COPENHAGEN
TICKER: CBM
ISIN: GBOOBVIVRR47
CLEANTECH PLC CONSTRUCTION MATERIALS
CONVERSION OF THE DEBT OF THE LOAN FACILITY AND ISSUANCE OF NEW SHARES
Cleantech Building Materials PLC (“CBM” or the “Company”) announces that the Company has entered into an agreement with its lender, as indicated in the description of the company CBM published on December 20, 2016, to convert € 1,873,510.77 of outstanding debt in 4,496,425 new ordinary shares with a par value of £ 0.10 each in the Company (“Ordinary Shares”), and, in accordance with the provisions of the loan agreement, for the new Ordinary Shares to be issued to a number of parts (the “Conversion”). None of these parties will hold 5% or more of the issued share capital of the Company. The Company will request that the 4,496,425 new Ordinary Shares be admitted to trading on the Stock Exchange.
Following the Conversion, the issued share capital of the Company will be 72,862,585 Ordinary Shares, no Ordinary Share being held directly. Shareholders may use this number as the denominator by which they are required to notify their interest in or change their interest in Ordinary Shares under the Disclosure Guidelines and the Transparency Rules.
THE DIRECTORS OF CLEANTECH BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENT OF THIS AD.
Further information can be found on the Company’s website at www.cbm-plc.com
Additional Information :
Cleantech Building Materials plc Adrian wyn-griffiths |
[email protected] +44 20 3934 6630 |
Keswick Global AG (Certified Advisor) | [email protected] +43 1 740 408045 |
IFC Advisory Limited (Financial PR) Tim metcalfe Zach Cohen |
+44 20 3934 6630 |
The information communicated in this press release is “inside information” within the meaning of article 7 of the Market Abuse Regulation 596/2014.
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