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CRV Craven House Capital Plc

0.20
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 0.20 0.15 0.25 0.20 0.176 0.20 0.00 08:00:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -5.26M -5.52M -1.4274 -0.14 772.72k

Craven House Capital PLC Issue of Equity (2136Q)

17/10/2019 9:55am

UK Regulatory


Craven House Capital (LSE:CRV)
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From Mar 2019 to Mar 2024

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TIDMCRV

RNS Number : 2136Q

Craven House Capital PLC

17 October 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")

Issue of Equity

Craven House Capital (AIM:CRV) announces that the board has received notice that GEM Global Yield Fund LLC, a member of the New York based Global Investments America ("GEM"), wishes to exercise an option to convert $100,000 worth of a convertible loan note. GEM previously held the convertible loan note with a principal of $750,000, of which now $650,000 remains outstanding. The loan note bears no interest and has a five year term. The note holder has the right to convert the note at any time prior to maturity.

Henceforth, the Company has allotted 48,500 ordinary shares of $1.00 in the capital of the Company ("Ordinary Shares") at the conversion price of $2.06 per share.

Application will be made for the admission to trading on AIM ("Admission") for the 48,500 new Ordinary Shares. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. Admission is expected at 8.00 a.m. on or around 23 October 2019.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 2,580,448 Ordinary Shares which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.

 
 
 

Ends

 
 
 

For further information please contact:

 
 Craven House Capital Plc            Tel: 0203 286 8130 
  Mark Pajak 
  www.Cravenhousecapital.com 
 SI Capital                          Tel: 01483 413500 
  Broker 
  Nick Emerson 
  www.sicapital.co.uk 
 
   SPARK Advisory Partners Limited     Tel: 0203 368 3550 
   Nominated Adviser 
   Matt Davis/Mark Brady 
   www.Sparkadvisorypartners.com 
 

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 17, 2019 04:55 ET (08:55 GMT)

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