EPE Special Opportunities PLC Refinance - part of Convertible Loan Note in issue (1670Z)
September 16 2015 - 2:00AM
UK Regulatory
TIDMESO TIDMEC.P TIDMEO.P
RNS Number : 1670Z
EPE Special Opportunities PLC
16 September 2015
EPE Special Opportunities plc
Refinance of part of Convertible Loan Notes in issue
GBP1.2 million loan issue and issue of warrant
16 September 2015
EPE Special Opportunities plc ("ESO plc" or the "Company")
announces that it has today refinanced a total of GBP1,204,498 in
principal amount of the existing Convertible Loan Notes ("CLNs") by
the issue of new Loan Notes in the principal amount of
GBP1,204,498, the first issue of which was completed on 23 July
2015 and announced on 24 July 2015. Following the transaction, the
total number of CLNs admitted to trading remains 10,000,000, with
CLNs in the principal amount of GBP4,857,992 held by third parties
and CLNs in the principal amount of GBP5,142,008 held by the
Company.
In addition to the new Loan Notes, CLN holders participating in
the refinancing have received warrants over ordinary shares of 5
pence each ("Ordinary Shares") on a 1 for 5 basis, so that such CLN
holders have received 240,898 warrants entitling them to subscribe
for 240,898 Ordinary Shares (in the aggregate) upon the payment in
cash of 170 pence per Ordinary Share. The warrants are exercisable
at any time after 31 July 2018, but they will lapse if they are not
exercised prior to 31 January 2022.
Enquiries:
EPIC Private Equity LLP Alex Leslie
+44 (0) 20 7269 8865
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FIM Capital Limited (formerly Philip Scales
IOMA Fund and Investment +44 (0) 1624 681250
Management Limited)
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Cardew Group Richard Spiegelberg
+44 (0) 20 7930 0777
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Numis Securities Ltd +44 (0) 20 7260 1000
=============================== ======================
Nominated Advisor: Stuart Skinner / Hugh
Jonathan
=============================== ======================
Corporate Broker: Charles Farquhar
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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