Broker Option Results

Investment Evolution Credit PLC

07 November 2024

 

                7 November 2024

Investment Evolution Credit plc

("IEC", the "Company" or the Group)

Broker Option Results

Investment Evolution Credit plc (AQSE: IEC) - 7 November 2024: IEC, a global fintech group specialising in online consumer loans, announces that, further to the announcement of 31 October 2024, the Broker Offer granted to Axis Capital Markets Limited has received valid applications for 250,000 new ordinary shares of £0.005 each in the Company ("Offer Shares"),  representing £2,500 before expenses, on the same terms as the Subscription.

Admission

Application has been made for the 250,000 Offer Shares to be admitted to trading on AQSE ("Admission") and it is expected that Admission will take place on, or around, 15 November 2024. The Offer Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise 62,263,671 ordinary shares. The Company does not hold any shares in treasury. The figure of 62,263,671 ordinary shares 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 Financial Conduct Authority's Disclosure and Transparency Rules.

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Company's announcement of 31 October 2024.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Investment Evolution Credit plc
Marc Howells  CEO	[e-mail]
Cairn Financial Advisers LLP (IEC AQSE Corporate Adviser)
Ludovico Lazzaretti	[phone]
Jo Turner
Axis Capital Markets Limited (IEC Corporate Broker)
Lewis Jones	[phone]

For more information please visit: www.investmentevolution.com/investors  

About IEC

IEC is an experienced regulated licensed lender under the consumer brand Mr. Amazing Loans in the United States with state consumer lending licenses/certificates of authority in the 6 states of California, Florida, Georgia, Illinois, Nevada and New Jersey and an established track-record of regulatory compliance for over 14 years. IEC plans to expand its United States lending model to the United Kingdom market in due course by providing £2,000 to £10,000 online personal loans with fixed affordable repayments, subject to the receipt of all necessary authorisations and permits.

Caution Regarding Forward Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

 

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