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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Proxama | LSE:PROX | London | Ordinary Share | GB00B2PKZ581 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0235 | 0.022 | 0.025 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPROX
RNS Number : 7746A
Proxama PLC
28 March 2017
For immediate release
28th March 2017
Proxama PLC
("Proxama" or the "Company")
Final conversion of loan note and issue of equity
Proxama PLC (AIM:PROX), the leading mobile proximity marketing expert, announces that on 27(th) March 2017 it received a notice of exercise by Darwin Capital Limited ("Darwin") to convert the final 32 loan notes with an aggregate par value of GBP800,000 into equity ("Conversion Notice") in relation to the convertible loan note.
The Conversion Notice was received in aggregate for GBP800,000 of the loan notes. The Company has therefore issued 292,937,282 new ordinary shares to Darwin ("Conversion Shares") at an issue price of 0.273p per Conversion Share. The Conversion Shares will rank pari passu in all respects with the existing ordinary shares.
Application has been made for the Conversion Shares to be admitted to trading on AIM, which is expected to take place on or around 31(st) March 2017. This completes the conversion of the GBP2,000,000 convertible loan. Terms of the loan notes, including redemption and conversion, were set out in the announcement dated 13 December 2016.
Total voting rights
Following the issue of the Conversion Shares, the Company's issued share capital consists of 2,409,331,270 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Proxama PLC
John Kennedy, Chief Executive
020 3668 2888
Peel Hunt LLP
(Nominated Adviser and Broker)
Richard Kauffer
Euan Brown
020 7418 8900
Redleaf Communications
Charlie Geller
Sam Modlin
020 7382 4730
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
March 28, 2017 09:04 ET (13:04 GMT)
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