Hawkwing PLC Update on Hawkwing's CULS (6985H)

TIDMHNG

RNS Number : 6985H

Hawkwing PLC

28 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 6/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

28 November 2022

Hawkwing plc

("Hawkwing" or the "Company")

Update on Hawkwing's Unsecured Convertible Loan Notes ("CULS")

Further to the announcement on 27 October 2022, the Company has received a statutory demand from a Convertible Loan Note holder ("Holder") for the repayment of GBP2,209,709.59 in respect of the Holder's CULS by 15 December 2022. The Company has received legal advice that the Holder's statutory demand should not have been made and the Holder has been asked to withdraw the statutory demand.

The Company will give a further update to the market in due course.

Important Notices

This announcement contains 'forward--looking statements' concerning the Company that are subject to risks and uncertainties. Generally, the words 'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects', 'aims', 'intends', 'anticipates' or similar expressions or negatives thereof identify forward--looking statements. These forward--looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward--looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely. The Company cannot give any assurance that such forward--looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward--looking statements, which speak only as of the date of this announcement. The Company does not undertake any obligation to update or revise publicly any of the forward--looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of the Company.

Enquiries:

 
 Hawkwing plc 
 Keith Sadler, Senior Independent Non-Executive 
  Director                                         [phone] 
 
 Gracechurch Group 
 Harry Chathli, Alexis Gore                        [phone] 
 

About Hawkwing plc

For more information, please refer to the Company's website: www.hawkwing.co m

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November 28, 2022 02:00 ET (07:00 GMT)