Boston International Holdings PLC Convertible Loan Note Repayment Date Extended (7681D)
March 07 2022 - 2:00AM
UK Regulatory
TIDMBIH
RNS Number : 7681D
Boston International Holdings PLC
07 March 2022
7 March 2022
BOSTON INTERNATIONAL HOLDINGS PLC
("BIH" or the "Company")
Convertible Loan Note Final Repayment Date Extended
The Board of Directors of BIH announces that Boston Merchant
(HK) Ltd ("BMHK") and Emirates Funds Exchange Pltd, the holders of
all the GBP125,714 convertible loan notes created and issued by BIH
on 12 April 2021 (the "Convertible Loan Notes"), have both agreed
to extend the final repayment date of the Convertible Loan Notes
from 31 March 2022 to 30 September 2022. All other terms of the
Convertible Loan Notes remain unchanged and as announced on 1 April
2021.
BMHK is 98.04% owned by Borden James, a director of BIH, and
accordingly the extension of the final repayment date is deemed to
be a 'related party transaction' pursuant to DTR 7.3.
Christopher Pitman, Martin Lampshire and Richard Hartheimer, the
three other directors of BIH (each of whom is independent of BMHK),
consider that the terms of the related party transaction are fair
and reasonable insofar as the shareholders of BIH are concerned and
accordingly have approved it. Due to Borden James' shareholding in
BMHK, he did not participate in the approval or vote.
For more information, please contact:-
Boston International Holdings Plc
Christopher Pitman, Chairman +44 (0) 7891 104329
Beaumont Cornish Limited (Financial
Adviser)
Roland Cornish +44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams / Duncan Vasey / Eran
Zucker +44 (0) 20 7469 0930
This announcement contains inside information for the purposes
of Article 7 of Regulation 2014/596/EU which is part of domestic UK
law pursuant to The Market Abuse (Amendment) (EU Exit) Regulations
2019 (SI 2019/310).
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END
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