Share Name Share Symbol Market Type Share ISIN Share Description
MiLOC Group Ltd NEX:ML.P NEX Ordinary Share KYG613521031
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 30.00p 20.00p 40.00p 30.00p 30.00p 30.00p 0 07:52:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

MiLOC Group Limited Extension of Convertible Bond

18/02/2019 12:44pm

UK Regulatory (RNS & others)


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RNS Number : 3837Q

MiLOC Group Limited

18 February 2019

18 February 2019

MiLOC GROUP LIMITED

("MiLOC" or "the Company")

Extension of Convertible Bond

MiLOC announces that it has entered into a further extension agreement for the Convertible Bond (the "CB") with Murray Investment Fund Company Limited (the "Investor") that was signed on 19 July 2016.

The revised terms on the CB are summarised below.

1. The coupon payment of the CB of US$650,000 will be increased from 6 percent per annum to 7.2 percent per annum.

2. The maturity date on the CB which was initially due on the 19(th) January 2019 will be extended to 19(th) January 2020.

3. The Company's intention to delist from the NEX Exchange Growth Market and seek a listing through an IPO of its ordinary shares on the LSE (Standard segment of the Official List), has been amended to seeking a listing of its ordinary shares on a recognised stock exchange.

4. The CB will be redeemable at maturity on 19(th) January 2020, or exchangeable into ordinary shares of the Company immediately on listing on an alternative recognised stock exchange.

   5.   All other terms remain unchanged, as announced on 19 July 2016. 

The directors of MiLOC accept responsibility for the contents of this announcement.

For further information, please contact:-

 
 
    MiLOC 
    ONG Ban Poh Michael - Chief Executive     Tel: +852 2110 4221 
    Officer 
    Ronnie CHOI - Chief Financial Officer 
  NEX Exchange Corporate Adviser             Tel: +44 (0) 20 7469 
   PETERHOUSE CAPITAL LIMITED                                0930 
   Guy Miller 
   Mark Anwyl 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 18, 2019 07:44 ET (12:44 GMT)

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