20th Oct 2015 14:54
LONDON (Alliance News) - EPE Special Opportunities PLC on Tuesday said it has issued new loan notes, and refinanced some of those already in issue.
It said that private investors agreed to subscribe for loan notes with a face value of GBP314,959. It did not name the investors.
It has refinanced GBP314,959 at face value of its existing convertible loan notes, leaving 10.0 million convertible loan notes trading. Of the convertible loan notes, GBP3.6 million in principal are held by third parties, with GBP6.4 million held by the company itself.
Convertible loan note holders participating in the refinancing received warrants over ordinary shares of five pence each on a one for five basis. The warrants can be exercised at any time after July 31, 2018. They will lapse if they are not exercised before January 31, 2022.
EPE Special Opportunities shares were untraded at 108.5 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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