Share Name Share Symbol Market Type Share ISIN Share Description
Craven House Capital Plc LSE:CRV London Ordinary Share GB00BD4FQ360 ORD USD1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $2.80 $2.60 $3.00 $2.80 $2.80 $2.80 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.4 -15.8 - 7

Craven House Capital PLC Craven House increases stake in LM Funding America

06/06/2019 12:22pm

UK Regulatory (RNS & others)

Craven House Capital (LSE:CRV)
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RNS Number : 4097B

Craven House Capital PLC

06 June 2019

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Craven House Capital plc

("Craven House" or the "Company")

Craven House increases stake in LM Funding America Inc.

The Company confirms that it has acquired a further 71,282 shares in LM Funding America Inc. ("LMFA"), taking its total holding to 711,282 shares representing 22.7% of the issued share capital of LMFA.

As announced on 17 January 2019, the Company issued a convertible promissory note for the balance of the consideration in relation to its sale of IIU Inc., to LMFA (the "Transaction") for approximately $3.6 million ("Convertible Note"). The Convertible Note is due and payable 360 days following the completion of the Transaction. The Convertible Note is to be redeemed at Craven House's option in cash or, subject to LMFA shareholder approval in a general meeting, in common stock of LMFA at a conversion price of $2.41 per share. The Convertible Note will be due for redemption at any time on or after the first meeting of shareholders of LMFA to occur in 2019.

If the entire principal value of the Convertible Note is converted into shares, Craven House will obtain 1,486,714 shares in LMFA taking its holding to 2,197,996 shares representing 47.6% of the issued share capital based on 3,134,261 LFMA common shares being in issue on conversion.



For further information please contact:

 Craven House Capital Plc            Tel: 0203 286 8130 
  Mark Pajak 
 SI Capital                          Tel: 01483 413500 
  Nick Emerson 
   SPARK Advisory Partners Limited     Tel: 0203 368 3550 
   Nominated Adviser 
   Matt Davis/Mark Brady 

About Craven House Capital:

The Company's Investing Policy is to invest in or acquire a portfolio of companies, partnerships, joint ventures, businesses or other assets globally in any geographic jurisdiction. The company will invest in both developed and developing markets providing long term patient capital and is often involved in special situations, restructuring, expansion and turn around investments in crisis and transitioning economies.

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 or visit



(END) Dow Jones Newswires

June 06, 2019 07:22 ET (11:22 GMT)

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