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Fandango Holdings plc issued Convertible Loan Notes totalling £350,000 to certain investors on 1 September 2023. These notes have a one-year term, attract 8% annual interest, and will automatically convert into Ordinary Shares upon the company's successful readmission to the Official List and main market trading on the London Stock Exchange.
| Date | 6 Sept 2023 |
| Time | 09:00:01 |
| Category | Miscellaneous |
| ID | 5554L |
Fandango Holdings plc / Index: LSE / Epic: FHP / Sector: Investment
6 September 2023
Fandango Holdings plc ('Fandango' or 'the Company')
Issue of £350,000 Convertible Loan Note
Fandango Holdings plc is pleased to announce that it has issued Convertible Loan Notes to certain investors in the nominal amount of £350,000 (the "Loan Notes"), the proceeds of which will be used to advance the previously announced proposed acquisition of European Battery Metals Pty Ltd (the "Acquisition").
The Loan Notes have a one-year term from the issue date, being 1 September 2023, and will attract interest payable annually at 8%. The Loan Notes will be automatically converted into Ordinary Shares of the Company, at the same price as any contemplated fundraise, on the successful readmission of the Company's Ordinary Shares to the Official List and to trading on the main market for listed securities of the London Stock Exchange.
ENDS
For further information visit www.fandangoholdingsplc.com or contact:
|
Charles Tatnall |
Fandango Holdings plc |