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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Alternative E. | LSE:ALR | London | Ordinary Share | SG9999004659 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0125 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMALR
RNS Number : 2030H
Alternative Energy Limited
15 May 2014
For immediate release 15 May 2014
ALTERNATIVE ENERGY LIMITED
("AEL" or the "Company")
Update on Convertible Note Programme
Further to the announcement on 1 April 2014 of the Convertible Note Programme in the Interim Results, the Board of Alternative Energy Limited (AIM: ARL.L) is now pleased to announce that it has re-executed the subscription agreement for up to GBP10 million as opposed to US$10 million.
Consequently, the Company proposes to issue to the Subscriber 5.0% equity-linked redeemable structured notes due 2017 with an aggregate principal amount of up to GBP10,000,000 comprising four equal tranches of a principal amount of GBP2,500,000 each (collectively, the notes shall be referred to as the "Notes" and individually, the four tranches of the Notes shall be referred to as the "Tranche 1 Notes", "Tranche 2 Notes", "Tranche 3 Notes" and "Tranche 4 Notes" respectively).
- Tranche 1 Notes shall comprise a further 100 equal sub-tranches of GBP25,000 each. - Tranche 2 Notes shall comprise a further 100 equal sub-tranches of GBP25,000 each. - Tranche 3 Notes shall comprise a further 50 equal sub-tranches of GBP50,000 each: and - Tranche 4 Notes shall comprise a further 50 equal sub-tranches of GBP50,000 each.
The Notes shall entitle the holder thereof to 5.0% interest per annum, and, on the terms and conditions herein, be convertible into ordinary shares in the capital of the Company which are listed on AIM.
Further announcements of draw-down in accordance with this Programme will be made as and when required.
For further information please see the Company's website: www.alternativenergy.com.sg or please contact:
ALTERNATIVE ENERGY LIMITED Richard Lascelles, Independent Non-executive Director Tel: +44 (0) 20 7408 1067 Eric Goh, Executive Director Tel: +65 68737782 BEAUMONT CORNISH LIMITED (Nomad) Roland Cornish and Emily Staples Tel: +44 (0) 20 7628 3396 PETERHOUSE CORPORATE FINANCE (Broker) Jon Levinson/Lucy Williams Tel: +44 (0) 20 7469 0930
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLIFLAEIIELIS
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