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AMP Amphion Innovations Plc

0.15
0.00 (0.00%)
28 Mar 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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Amphion Innovations PLC Additional Draw Down on Loan Facility (1706W)

07/02/2017 7:00am

UK Regulatory


Amphion Innovations (LSE:AMP)
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TIDMAMP

RNS Number : 1706W

Amphion Innovations PLC

07 February 2017

Amphion Innovations plc

("Amphion" or "the Company")

Additional Draw Down on Loan Facility

London and New York, 7 February 2017 - Amphion Innovations plc (AIM: AMP), the developer of medical, life science, and technology businesses, today announces that the Company has agreed terms for the draw-down of an additional tranche of US $500,000 (an "Additional Draw") under the loan facility as announced on 5 June 2014 (the "Facility").

The current loan balance under the Facility after the Additional Draw will be US $5,800,000. The Additional Draw may be converted into Ordinary Shares of Amphion in accordance with the additional terms of the Facility announced on 22 August 2016.

Under the terms of the Additional Draw, the interest rate will be 10% with repayment to be added to the outstanding balance and amortized over the remaining life of the loan, which matures on 1 December 2017. The proceeds are to be used for working capital for Amphion and its Partner Companies.

The Additional Draw is secured by the additional pledge by the Company of 14,500,000 ordinary shares of Motif Bio plc, bringing the total amount pledged to 4,139,255 ordinary shares of Kromek Group plc and 42,461,625 ordinary shares of Motif Bio plc. Amphion transfers the legal title to, but will retain the beneficial interest in, the total pledged shares.

For further information please contact:

Amphion Innovations

Charlie Morgan

+1 212 210 6224

Yellow Jersey PR

Charles Goodwin / Dominic Barretto

+44 (0)7747 788 221

Panmure Gordon Limited (Nominated Adviser and Corporate Broker)

Freddy Crossley / Duncan Monteith (Corporate Finance)

Charlie Leigh-Pemberton (Corporate Broking)

+44 (0)20 7886 2500

Northland Capital Partners Limited (Joint Corporate Broker)

Patrick Claridge / David Hignell (Corporate Finance)

John Howes (Corporate Broking)

+44 (0)20 7382 1100

Plumtree Capital Limited (Financial Adviser)

Stephen Austin

+44 (0)20 7183 2493

+646 568 7502

About Amphion Innovations plc

Amphion Innovations is a developer of medical, life science and technology businesses.

We use our extensive experience in company building to invest and build shareholder value in high growth companies in 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

END

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(END) Dow Jones Newswires

February 07, 2017 02:00 ET (07:00 GMT)

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