Iconic Labs PLC Update on financing negotiations (1111C)
14 Octubre 2020 - 10:07AM
UK Regulatory
TIDMICON
RNS Number : 1111C
Iconic Labs PLC
14 October 2020
Iconic Labs Plc ("Iconic Labs" or the "Company")
Update on financing negotiations
Iconic Labs Plc (LSE:ICON), a multidivisional new media and
technology business, today announces that, as part of the process
of negotiations with European High Growth Opportunities Fund
("EHGOF") in respect of the debts owed to EHGOF, the Company has
today formally terminated all contracts and other arrangements
between the Company and EHGOF, with immediate effect. This is
consistent with and follows from the Company's previously announced
intention not to issue any further drawdown notices under the EHGOF
facility. Notwithstanding the termination, the accrued debt to
EHGOF remains, and negotiations in respect of the settlement of
this debt continue. The Company will provide further updates in due
course.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
**ENDS**
For further information, please visit the Company's website
www.iconiclabs.co.uk or contact:
Damon Heath Shard Capital Partners Tel: +44 (0) 20 7186
LLP 9950
Iconic Labs ir@iconiclabs.co.uk
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This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
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END
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(END) Dow Jones Newswires
October 14, 2020 11:07 ET (15:07 GMT)
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