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On 14 October 2022, Highway Capital Plc announced it issued a Convertible Loan Note for £100,000 with a five-year term, a 5p per share conversion price, and 5% annual interest. The Company also repaid the principal of a Convertible Loan Note issued on 17 July 2017 and issued a new Convertible Loan Note for £6,550 in accrued interest, featuring a two-year term, 5p conversion price, and 5% annual interest.
| Date | 14 Oct 2022 |
| Time | 12:56:38 |
| Category | Capital structure |
| ID | 9822C |
14 October 2022
Highway Capital Plc
(the "Company")
Loan to Company
Highway Capital Plc announces that it has issued a Convertible Loan Note for the amount of £100,000. The Loan has a term of five years, conversion price of 5p per new ordinary share and 5% interest per annum payable at maturity.
The Company also announces that it has repaid the principal amount of Convertible Loan Note issued on 17 July 2017 and issued new Convertible Loan Note for the accrued interest of £6,550. The Loan has a term of two years, conversion price of 5p per new ordinary share and 5% interest per annum payable at maturity.
For further information, please visit www.highwaycapital.co.uk or contact the following:
Highway Capital Plc [email protected]