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AMP Amphion Innovations Plc

0.15
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amphion Innovations Plc LSE:AMP London Ordinary Share GB00B0DJNP99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Amphion Innovations PLC Additional Draws on Loan Facility (1156R)

09/09/2014 7:00am

UK Regulatory


Amphion Innovations (LSE:AMP)
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From Apr 2019 to Apr 2024

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TIDMAMP

RNS Number : 1156R

Amphion Innovations PLC

09 September 2014

Amphion Innovations plc

Additional Draws on Loan Facility

London and New York, 9 September 2014 - Amphion Innovations plc (LSE: AMP) ("Amphion" or the "Company"), the developer of medical and technology businesses, today announces that the Company has agreed terms for the draw-down of an additional four consecutive monthly tranches of $250,000 each (aggregating to $1 million) (each an "Additional Draw") under the loan facility announced on 5 June 2014 ("Facility"). The first Additional Draw was made on 5 September 2014.

The Additional Draws are on substantially the same terms as the Facility subject to the Lender receiving, on each Additional Draw, 78,035 simulated warrants in Kromek Group plc with an exercise price of 61.25 pence per share and 1,274,583 warrants in Amphion with an exercise price of 3.750 pence per share on the terms previously announced. The Lender has agreed to a reduced implementation fee on each Additional Draw of 6%.

The Additional Draws are to be used for working capital for Amphion and its Partner Companies.

For further information please contact

Amphion Innovations plc

Charlie Morgan,

+1 (212) 210 6224

Novella Communications

Tim Robertson / Ben Heath

+44 020 3151 7008

Panmure Gordon Limited

Freddy Crossley / Duncan Monteith (Corporate Finance)

Charles Leigh-Pemberton (Corporate Broking)

+44 020 7886 2500

Plumtree Capital Limited (Advisor to Amphion)

Stephen Austin

+44 207 183 2493

+1 646 568 7502

About Amphion Innovations plc

Amphion (LSE: AMP) builds shareholder value in emerging companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK. Amphion has significant shareholding in 7 Partner Companies developing proven technologies targeting substantial commercial marketplaces. The Amphion model has been refined to optimise the commercialisation of patents and other intellectual property within the Partner Companies. The Partner Companies collectively own or control over 200 separately identified pieces of intellectual property, a number which grows rapidly each year.

On the web: www.amphionplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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