Eastbridge Investments PLC Further re cancellation of warrants (6907C)

TIDMEBIV

RNS Number : 6907C

Eastbridge Investments PLC

29 June 2016

29 June 2016

Eastbridge Investments Plc

("Eastbridge" or the "Company")

Further re cancellation of warrants

Further to the announcements of 21 June and 24 June, Eastbridge wishes to inform shareholders that it has agreed with Helix Investment Management SLP ("Helix") that, as compensation for the cancellation of the 8.5 billion warrants to subscribe for ordinary shares in Eastbridge previously held by them, Helix will receive a fee of GBP30,000. This fee will be settled from the fixed coupon due to Eastbridge in respect of the GBP500,000 Tranche B Helix Securitisation Fund notes ("Helix Notes") acquired on 2 December 2015 which yield 9.85% per annum. In addition, Eastbridge has agreed that henceforth any coupon payment received in respect of the Helix Notes (over and above the aforementioned GBP30,000) will be reinvested in new further notes issued under the same programme. The Helix Notes are scheduled to be redeemed on 30 June 2020 but, as a result of these arrangements, until such time as redemption takes place the Company will not receive any cash distribution in respect of its holding.

For further additional information please contact:

 
 Eastbridge Investments Plc          Tel: +44 (0)78 
  Gregory Collier                     301 82501 
 Nominated Adviser                   Tel: +44 (0)20 
  Northland Capital Partners          3861 6625 
  Limited 
  William Vandyk / Matthew Johnson 
 Broker                              Tel: +44 (0)20 
  Peterhouse Corporate Finance        7469 0930 
  Limited 
  Fungai Ndoro /Lucy Williams 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 29, 2016 10:31 ET (14:31 GMT)