Malvern International PLC Loan Conversion and Issue of Equity (3286U)
01 Agosto 2022 - 1:00AM
UK Regulatory
TIDMMLVN
RNS Number : 3286U
Malvern International PLC
01 August 2022
1 August 2022
MALVERN INTERNATIONAL PLC
("Malvern" or the "Company")
Loan Conversion
and
Issue of Equity
Malvern International plc ("Malvern" or the "Company"), the
global learning and skills development partner, announces that it
has issued and allotted 50,000,000 new ordinary shares of 0.1 pence
("Ordinary Shares") each pursuant to the conversion of GBP50,000 of
the loan notes at a conversion price of 0. 1 pence per share (being
the average price of the five business days prior to the conversion
date) that were otherwise redeemable on 31 July 2022 (the "Loan
Note Conversion").
Following the loan note conversion a further GBP172,817 Loan
Notes remain outstanding all of which are redeemable or convertible
on 31 December 2022.
The 50,000,000 new Ordinary Shares will rank pari passu with the
Company's existing ordinary share capital. Application has been
made for the 50,000,000 new ordinary shares arising pursuant to the
Loan Note Conversion to be admitted to trading on AIM ("Admission")
which is expected to commence at 8.00 a.m. on or around 5 August
2022.
Following Admission, the total number of Ordinary Shares in the
Company in issue will be 2,194,230,688 and the total number of
voting rights will be 2,194,230,688 . This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
For further information please
contact:
Malvern International Plc www.malverninternational.com
Mark Elliott - Chairman Via our website
Richard Mace - Chief Executive
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather 0207 220 1666
Notes to Editors:
Malvern International is a learning and language skills
development partner, offering international students essential
academic and English language skills, cultural experiences and the
support they need to thrive in their academic studies, daily life
and career development.
University Pathways - on and off-campus university pathway
programmes helping students progress to a range of universities, as
well as in-sessional and pre-sessional courses.
Malvern House Schools - British Council accredited English
Language Training at English UK registered schools in London,
Brighton and Manchester.
Malvern Online Academy - British Council accredited online
school, offering supported tuition to students from around the
world in English language, higher education, and professional
education.
Juniors and summer camps - fully-immersive summer residential
English language camps and bespoke group programmes for 13 to 18
year olds.
For further investor information go to
www.malverninternational.com .
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END
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