Allotment of Shares re Convertible Notes

RNS Number : 3699K

Challenger Acquisitions Limited

07 July 2017

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

For Immediate Release

                                                                                                                                    7 July 2017

Challenger Acquisitions Limited

("Challenger" or the "Company")

Allotment of Shares re Convertible Notes

Challenger Acquisitions Limited (LSE: CHAL) announces that it has allotted 6,882,353 new Ordinary Shares of £0.01 each ("Shares") in relation to the conversion of certain convertible notes and a further 375,042 Shares and 18,493 new Convertible Notes due 30 June 2019 in relation to interest on convertible notes as follows:

·     1,000,000 Shares on the conversion of £30,000 of the Unsecured Convertible Note held by the Chief Executive Officer of Challenger due 17 May 2018.  This represents the entirety of Mr Gustafson's holding; 

·     A total of 6,115,713 Shares have been allotted to holders of the Unsecured Convertible Note due 22 April 2018, comprising 5,882,353 Shares on the conversion of £100,000 of notes and 233,360 Shares for accumulated interest; and

·     141,682 Shares and 18,493 new convertible notes have been allotted in relation to the Unsecured Convertible Note due 30 June 2019, for interest for the quarter ended 30 June 2017.

Application has been made to the Financial Conduct Authority ("FCA") for 7,257,395 Shares to be admitted to listing on the standard listing segment of the Official List and to the London Stock Exchange for such shares to be admitted to trading on the Main Market for listed securities ('Admission').  It is expected that Admission will become effective, and dealings in the new ordinary shares will commence, at 8.00 a.m. on 12 July 2017.

Following this allotment, the total number of ordinary shares with a nominal value of £0.01 each (the "Ordinary Shares") in issue and the total number of voting rights in the Company is 65,686,566.  There are no shares held in treasury. The figure of 65,686,566 Ordinary Shares and voting rights may be used by shareholders in the Company as the denominator for the calculations by which they can 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.

This announcement contains inside information.

**ENDS**

For more information visit www.challengeracquisitions.com or enquire to:

Challenger Acquisitions Limited
Mark Gustafson	[phone]
St Brides Partners Ltd (PR)
Lottie Brocklehurst, Charlotte Page	[phone]

 

END

 

 

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