24th Mar 2015 15:41
LONDON (Alliance News) - Amphion Innovations PLC Tuesday said it has issued around 1.3 million shares at a price of GBP0.0266 per share to YA Global Master SPV Ltd as a share-based interest payment.
In June 2014, Amphion secured a USD12 million loan facility from YA Global secured by part of its holding in Kromek Group PLC, which could be repaid at its own discretion with cash, Amphion shares, or Kromek shares.
Amphion said the shares issued represent 0.85% of the company's enlarged issued share capital.
Amphion shares were down 3.1% to 3.15 pence per share on Tuesday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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