Allotment of Shares re Convertible Loan Notes

RNS Number : 5834T

Challenger Acquisitions Limited

06 January 2017

 

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

For Immediate Release

                                                                                                                                     6 January 2017

Challenger Acquisitions Limited

("Challenger" or the "Company")

Allotment of Shares re Convertible Loan Notes

Challenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry announces that it has allotted 188,501 new Ordinary Shares of £0.01 each ("Shares") on the conversion of £20,000 of the Unsecured Convertible Loan Note due 13 April 2018 ("Convertible Note 2018") and a further 792,156 Shares to the holders of convertible loan notes in payment of interest due for quarter ended 31 December 2016, as set out in the below table.  In respect of the Convertible Loan Notes due 2019, the Company has elected to pay seven-eighths of the interest due in the form of new Convertible Loan Notes due 2019.

Loan Note	Interest to 30 Sep 2016 converted into Shares	Conversion Price	Number of Shares allotted	New Loan Notes Issued
Convertible Notes due 2017 (as extended in 2016)	£59,598.79	11.3p	528,118	Nil
Convertible Notes due 2017	£6,301.37	12.1p	52,126	Nil
Convertible Notes due 2018	£20,164.38	10.6p	190,050	Nil
Convertible Notes due 2019	£2,642.82	12.1p	21,862	£18,500

Note: The calculation of the number of shares to be allotted is performed for each individual holder and rounded to the nearest whole share.  As such, there are small rounding differences in the table above.

Application has been made to the Financial Conduct Authority ("FCA") for 980,657 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.  It is expected that Admission will become effective, and dealings in the new ordinary shares will commence, at 8.00 a.m. on 12 January 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 22,879,733.  There are no shares held in treasury. The figure of 22,879,733 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.

**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 Heap	[phone]
finnCap (Financial Adviser and Broker)
Adrian Hargrave, James Thompson, Kate Bannatyne	[phone]

 

END

 

 

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