Share Name Share Symbol Market Type Share ISIN Share Description
Evr Holdings Plc LSE:EVRH London Ordinary Share GB00BD2YHN21 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 4.75 4.70 4.80 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 1.2 -11.4 -0.9 - 82

Napster Group PLC Conversion of Loan Notes and Issue of Equity

03/12/2021 7:00am

UK Regulatory (RNS & others)

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RNS Number : 5003U

Napster Group PLC

03 December 2021

Napster Group PLC

("NAPS" or the "Group")

Conversion of Loan Notes and Director/PDMR disclosure

Napster Group PLC (AIM:NAPS), a leading music company and operator of the MelodyVR and Napster platforms, announces that it has received a notice of exercise from Nice & Green S.A (the "Investor") in respect of the Convertible Loan Notes ("Loan Notes") previously issued to the Investor.

As a result of this conversion notice, GBP2,000,000 Loan Notes have been converted in to 200,000,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a conversion price of 1.00p in accordance with the terms of the Loan Notes. Following this notice, there are no outstanding Loan Notes held by the Investor.

In addition, in accordance with the loan facility agreement entered into with the Davis Partnership, LP (the "Lender") on 1 April 2021, the Company is issuing 8,292,120 new Ordinary Shares to the Lender in satisfaction of accrued interest of US$419,166.67. The prescribed price of an Ordinary Share as set out in the loan facility agreement is 3.75p per Ordinary Share.

Application has been made to the London Stock Exchange for the 208,292,120 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 9 December 2021. The new Ordinary Shares will rank pari passu in all respects with all existing Ordinary Shares in the Company.

Following Admission and including the Ordinary Shares subscribed for by the Group's Employee Benefit Trust, the total number of Ordinary Shares in issue will be 3,419,237,667. This figure may be used by shareholders as the denominator for the calculations 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 FCA's Disclosure and Transparency Rules.

For further information please contact:

Napster Group PLC                                 email@napster.group 
 Anthony Matchett, Group CEO 
finnCap Ltd ( Nominated Advisor and Broker)      Tel: +44 (0) 20 7220 
 Corporate Finance: Marc Milmo, James Thompson,                  0500 
 Milesh Hindocha 
 ECM: Tim Redfern, Sunila de Silva 
Equitory (Investor Relations)                    napster@equitory.com 
 Clara Melia/Geoff Callow 

PDMR Disclosure

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                    Davis Capital Partners 
     ---------------------------------------  ------------------------------ 
 2.   Reason for the notification 
 a)   Position/status:                         Lansing Davis (as 
                                                a non-executive Director 
                                                of the Company and 
                                                his interest in Davis 
     ---------------------------------------  ------------------------------ 
 b)   Initial notification/Amendment:          Initial Notification 
     ---------------------------------------  ------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name:                                    Napster Group plc 
     ---------------------------------------  ------------------------------ 
 b)   LEI:                                     213800B2AKGQC3D2R751 
     ---------------------------------------  ------------------------------ 
 4.   Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been 
 a)   Description of the financial             Ordinary shares of 
       instrument, type of instrument:          1 pence per share 
       Identification code:                     GB00BD2YHN21 
     ---------------------------------------  ------------------------------ 
 b)   Nature of the transaction:               Issue of shares in 
                                                satisfaction of accrued 
     ---------------------------------------  ------------------------------ 
 c)   Price(s) and volume(s):                   Price(s)   Volume(s) 
                                                 3.75p      8,292,120 
     ---------------------------------------  ------------------------------ 
 d)   Aggregated information:                  8,292,120 Ordinary 
       --Aggregated volume:                     Shares issued at 
       --Price:                                 a price of 3.75 pence 
                                                per ordinary share 
     ---------------------------------------  ------------------------------ 
 e)   Date of the transaction:                 2 December 2021 
     ---------------------------------------  ------------------------------ 
 f)   Place of the transaction:                Off market transaction 
     ---------------------------------------  ------------------------------ 

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(END) Dow Jones Newswires

December 03, 2021 02:00 ET (07:00 GMT)

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