APQ Global Limited Results of Extraordinary General Meeting (7513P)

TIDMAPQ

RNS Number : 7513P

APQ Global Limited

04 September 2017

APQ Global Limited ("APQ" or the "Company")

Results of Extraordinary General Meeting

APQ, the emerging markets income company incorporated in Guernsey, the ordinary shares of which are listed on The International Stock Exchange Limited and admitted to trading on AIM, is pleased to announce that at the Company's Extraordinary General Meeting held earlier today, each of the Resolutions tabled were duly passed approving (among other things) the issue of 4,018 units of GBP5,000 nominal 3.5 per cent. convertible unsecured loan stock 2024 ("CULS") to raise GBP20.09 million before expenses.

Application has been made to the London Stock Exchange for the CULS to be admitted to trading on the International Securities Market, the London Stock Exchange's market for fixed income securities, and it is expected that Admission will occur and that dealings will commence at 8.00 a.m. on 5 September 2017.

Following Admission there will be 4,018 units of GBP5,000 nominal CULS in issue. Holders of the CULS will be entitled to convert their CULS into Ordinary Shares on a quarterly basis throughout the life of the CULS, commencing 31 December 2017, and all outstanding CULS will be repayable at par (plus any accrued interest) on 30 September 2024. The initial conversion price is 105.358 pence, being a 10 per cent. premium to the unaudited Book Value per Ordinary Share on 31 July 2017.

Unless otherwise defined in this announcement, capitalised words and phrases used in this announcement shall have the same meanings given to them in the Placing Announcement made on 15 August 2017.

TIDM and ISIN of the CULS

TIDM: APQ1

ISIN: GG00BF7PL093

Enquiries:

 
 APQ Global Limited 
  Bart Turtelboom - Chief 
  Executive Officer            020 3478 9708 
 
 N+1 Singer - Nominated 
  Adviser and Broker 
  James Maxwell / Lauren 
  Kettle                       020 7496 3000 
 
 Carey Group - TISE sponsor 
  Matt Sarl                    01481 737 279 
 
 Buchanan Communication 
  - Financial PR 
  Charles Ryland / Victoria 
  Hayns                        020 7466 5000 
 
 

Notes to Editors

APQ Global Limited

APQ Global (ticker: APQ LN) is a global emerging markets income company with interests across Asia, Latin America, Eastern Europe, the Middle East and Africa. The Company's objective is to steadily grow earnings to deliver attractive returns and capital growth to shareholders. This objective is achieved through a combination of revenue generating operating activities and investing in growing businesses across emerging markets. APQ Global run a well-diversified and liquid portfolio, take strategic stakes in selected businesses and plan to take operational control of companies through the acquisition of minority and majority stakes in companies with a focus on emerging markets.

For more information, please visit apqglobal.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 04, 2017 09:00 ET (13:00 GMT)