TIDMICON

RNS Number : 0951I

Iconic Labs PLC

30 November 2022

30 November 2022

Iconic Labs Plc ("Iconic") In Administration

EHGOSF Subscribes to a GBP 150,000 Third Tranche Under GBP 3 Million Financing Facility

EHGOSF has subscribed to a GBP 150,000 third tranche of convertible notes under the GBP 3 million financing facility that was entered into on 28 September 2022.

In exchange, Iconic will issue 150 convertible notes to EHGOSF along with 468,750,000 warrants with an exercise price of GBP 0.00016.

The funds under this third tranche shall be used to meet Iconic's obligations to critical and preferential creditors under the CVA and for operational purposes as Iconic seeks to get its trading suspension lifted as soon as possible.

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END

CONEAFFEDEXAFFA

(END) Dow Jones Newswires

November 30, 2022 06:15 ET (11:15 GMT)

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