Iconic Labs PLC Conversion of Securities (3765N)
September 22 2023 - 4:40AM
UK Regulatory
TIDMICON
RNS Number : 3765N
Iconic Labs PLC
22 September 2023
Iconic Labs PLC
("Iconic" or the "Company")
Conversion of Notes and Allotment of Shares
Iconic Labs PLC (LSE:ICON), announces that it has received a
valid Conversion Notice from the European High Growth Opportunities
Securitization Fund.
The Conversion Notice was dated 21 September 2023 and provides
for 30 Convertible Notes to be converted into 271,739 ordinary
shares of GBP0.1 in the Company ("Ordinary Shares") at a conversion
price of GBP0.1104 at the aggregate principal amount of
GBP30,000.
Application is being made for 271,739 new Ordinary Shares to be
admitted to trading on the Main Market of the London Stock Exchange
which is expected to be on or around 27 September 2023. These
shares rank pari passu with the existing Ordinary Shares of the
Company.
Following the issue of these shares, the Company's issued
ordinary share capital shall consist of 5,511,420 Ordinary Shares.
The figure of 5,511,420 represents the total voting rights in the
Company and should be used by shareholders as the denominator for
the calculation by which they can determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance
& Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For any further information or enquiries please contact:
ir@iconiclabs.co.uk
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END
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