Nautilus Marine Services PLC Notice of Conversion of Convertible Loan Note (8723P)
February 13 2019 - 3:30AM
UK Regulatory
TIDMNAUT
RNS Number : 8723P
Nautilus Marine Services PLC
13 February 2019
13 February 2019
NAUTILUS MARINE SERVICES PLC
("Nautilus" or the "Company")
NOTICE OF CONVERSION OF CONVERTIBLE LOAN NOTE
Nautilus Marine Services PLC (AIM: NAUT), announces that on 11
February 2019, the Company received notice from Aeterna Capital
Fund II, LLC ("Aeterna") to convert the US$2,360,000 Convertible A
Loan Notes (as defined and described in the Company's AIM Admission
Document published on 16 January 2017) into 3,868,852 ordinary
shares in the capital of the Company ("Ordinary Shares") at a price
of 50 pence per Ordinary Share at a fixed exchange rate of
GBP1/US$1.22 (the "Conversion").
As a result of the proposed Conversion, Aeterna will hold
3,868,852 Ordinary Shares in the Company, representing 7.37 per
cent. of the Company's issued share capital as enlarged by the
Conversion.
Application has been made to the London Stock Exchange of
3,868,852 Ordinary Shares in respect of the Conversion, which will
rank pari passu with the existing Ordinary Shares, to be admitted
to trading on AIM ("Admission"), and it is expected that Admission
will occur on or around 19 February 2019.
Following Admission the Company will have 52,505,629 Ordinary
Shares in issue. The Company does not hold any Ordinary Shares in
treasury. Therefore, the number of Ordinary Shares with voting
rights in the Company will be 52,505,629. The above 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 Company under
the FCA's Disclosure Guidance and Transparency Rules
sourcebook.
Capitalised terms not otherwise defined in this announcement
shall have the same meaning ascribed to such terms in the AIM
Admission Document of 16 January 2017 unless the context requires
otherwise.
Enquiries:
Nautilus Marine Services PLC
nautilusirinfo@nmsplc.com
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www.nautilusmarineplc.com
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finnCap Ltd
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Christopher Raggett/ Kate Bannatyne 020 7220 0500
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Yellow Jersey
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+44 (0) 7710 718
Tim Thompson/ Henry Wilkinson 649
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The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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