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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Everest Global plc | AQSE:EVST.GB | Aquis Stock Exchange | Ordinary Share | GB00BKBS0353 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 1.50 | 3.00 | 2.25 | 2.25 | 2.25 | 0.00 | 06:56:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMEVST
02 October 2023
Everest Global plc
("Company")
Extension of Convertible Loan Note redemption date
The directors of the Company are pleased to announce that on 29 September 2023,
Golden Nice International Group Limited (a company wholly owned by Mr Ziwei
Peng), being the holder of the outstanding Convertible Loan Notes ("CLN's") in
the Company, agreed to extend the redemption date by 18 months from 30 September
2023 to 31 March 2025.
As at today's date, excluding any accrued interest, £254,450 of CLNs remain
outstanding pursuant to convertible loan note deeds, further details of which
are set out in the table below:
Convertible Date of Number of Old Conversion
Loan Note Instrument Convertible Redemption Price
Issue Loan Notes Date/
outstanding New
Redemption
Date
£250,000 1 October 2018 £162,500 3,250,000 30 £0.05 per
unsecured (as amended on September Ordinary
convertible 5 2023/ Share
loan notes of October 2020 31 March
£0.05 each and on 29 July 2025
2022)
£750,000 31 March 2021 £91,950 1,839,000 30 £0.05 per
unsecured (as amended on September Ordinary
convertible 29 2023/ Share
loan notes of July 2022 and 31 March
£0.05 each 24 January 2025
2023)
Total: £254,450 5,089,000
On conversion of each CLN, the holder of the CLN will receive two corresponding
warrants to subscribe for a new ordinary share of £0.02 each in the Company, one
at 5p and the other at 10p exercisable on 31 December 2025 and 31 December 2026
respectively.
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).
The directors of the Company accept responsibility for the content of this
announcement.
For further information please contact:
Everest Global plc
Andy Sui, Chief Executive Officer +44 (0) 776 775 1787
Rob Scott, Non-Executive Director +27 (0)846006 001
Cairn Financial Advisers LLP
Jo Turner / Emily Staples +44 (0) 20 7213 0885 / +44 (0)20 7213 0897
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/everest-global-plc/r/extension-of-convertible-loan-note-redemption-date,c3845717
END
(END) Dow Jones Newswires
October 02, 2023 02:00 ET (06:00 GMT)
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