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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Falcon | LSE:FAL | London | Ordinary Share | GG00BYTLL975 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.75 | 0.50 | 1.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFAL
RNS Number : 5202R
Falcon Media House Limited
15 June 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
15 June 2018
Falcon Media House Limited
("Falcon", the "Group" or the "Company")
GBP500,000 Funding & Notice of Noteholder Meeting
Falcon Media House (LSE:FAL), the global digital media group focused on the over-the-top ('OTT') market, is pleased to announce that it has raised GBP500,000 through the issue of convertible loan notes pursuant to the Convertible Note Instrument dated 17 October 2017 (the "Note"). The funding is conditional on the Company proposing to Noteholders that the Conversion Price for the Note be adjusted to 1.5p.
The Board has resolved to issue a Notice of Meeting to Noteholders to propose the following resolution to amend the Note:
-- That the Conversion Price applicable to the Note be set at 1.5p per share.
The resolution, if passed, will amend the maximum dilution possible should all Notes be converted. The Noteholder meeting has been called for 10 am on 29 June 2018.
Further updates will follow in due course.
**ENDS**
For more information visit www.falconmediahouse.com or enquire to:
Falcon Media House Limited info@falconmediahouse.com Gert Rieder
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
MSCSFFSMIFASEEM
(END) Dow Jones Newswires
June 15, 2018 02:25 ET (06:25 GMT)
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