Amphion Innovations PLC Convertible Promissory Note Extension (6323Y)
28 Enero 2014 - 1:00AM
UK Regulatory
TIDMAMP
RNS Number : 6323Y
Amphion Innovations PLC
28 January 2014
Amphion Innovations plc
Convertible Promissory Note Extended Through December 2015
London and New York, 28 January 2014 - Amphion Innovations plc
(LSE: AMP) ("Amphion" or the "Company"), the developer of medical
and technology businesses, today announces that following a meeting
of the holders of GBP5,758,218 of the Amphion Innovations plc
Convertible Promissory Notes (the "Notes"), it has successfully
extended the conversion date of the Notes to 31 December 2015 on
revised terms.
The Notes are now convertible into fully paid Ordinary Shares of
1 pence in the capital of the Company at a conversion price of 10
pence and will pay interest of 7% if paid in Ordinary Shares or 5%
if paid in cash or additional Notes, until conversion. In addition
for every GBP1 of Note, two warrants will be issued. Each warrant
will entitle the holder to subscribe for an Ordinary Share at 12
pence per Ordinary Share.
For further information please contact
Amphion Innovations plc
Charlie Morgan,
+1 (212) 210 6224
Novella Communications
Tim Robertson / Ben Heath
+44 020 3151 7008
Panmure Gordon Limited
Freddy Crossley / Fred Walsh / Grishma Patel (Corporate
Finance)
Adam Pollock / Charlie Leigh-Pemberton (Corporate Broking)
+44 020 7886 2500
About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in emerging
companies in the medical and technology sectors, by using a
focused, hands-on company building approach, based on decades of
experience in both the US and UK. Amphion has significant
shareholding in 7 Partner Companies developing proven technologies
targeting substantial commercial marketplaces. The Amphion model
has been refined to optimise the commercialisation of patents and
other intellectual property within the Partner Companies. The
Partner Companies collectively own or control over 200 separately
identified pieces of intellectual property, a number which grows
rapidly each year.
On the web: www.amphionplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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