16th Sep 2015 09:14
LONDON (Alliance News) - EPE Special Opportunities PLC Wednesday said that it has refinanced GBP1.2 million of existing convertible loan notes by issuing new loan notes worth the same amount.
The private equity vehicle added that convertible loan note holders participating in the financing have received warrants on a 1 for 5 share basis, entitling them to subscribe for 240,898 shares at 170 pence each.
The warrants are exercisable at any time after July 31, 2018, but will lapse if not exercised before January 31, 2022.
Shares in EPE were untraded on Wednesday, last trading at 110.00 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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