APQ Global Limited Results of Extraordinary General Meeting (7513P)
September 04 2017 - 9:00AM
UK Regulatory
TIDMAPQ
RNS Number : 7513P
APQ Global Limited
04 September 2017
APQ Global Limited ("APQ" or the "Company")
Results of Extraordinary General Meeting
APQ, the emerging markets income company incorporated in
Guernsey, the ordinary shares of which are listed on The
International Stock Exchange Limited and admitted to trading on
AIM, is pleased to announce that at the Company's Extraordinary
General Meeting held earlier today, each of the Resolutions tabled
were duly passed approving (among other things) the issue of 4,018
units of GBP5,000 nominal 3.5 per cent. convertible unsecured loan
stock 2024 ("CULS") to raise GBP20.09 million before expenses.
Application has been made to the London Stock Exchange for the
CULS to be admitted to trading on the International Securities
Market, the London Stock Exchange's market for fixed income
securities, and it is expected that Admission will occur and that
dealings will commence at 8.00 a.m. on 5 September 2017.
Following Admission there will be 4,018 units of GBP5,000
nominal CULS in issue. Holders of the CULS will be entitled to
convert their CULS into Ordinary Shares on a quarterly basis
throughout the life of the CULS, commencing 31 December 2017, and
all outstanding CULS will be repayable at par (plus any accrued
interest) on 30 September 2024. The initial conversion price is
105.358 pence, being a 10 per cent. premium to the unaudited Book
Value per Ordinary Share on 31 July 2017.
Unless otherwise defined in this announcement, capitalised words
and phrases used in this announcement shall have the same meanings
given to them in the Placing Announcement made on 15 August
2017.
TIDM and ISIN of the CULS
TIDM: APQ1
ISIN: GG00BF7PL093
Enquiries:
APQ Global Limited
Bart Turtelboom - Chief
Executive Officer 020 3478 9708
N+1 Singer - Nominated
Adviser and Broker
James Maxwell / Lauren
Kettle 020 7496 3000
Carey Group - TISE sponsor
Matt Sarl 01481 737 279
Buchanan Communication
- Financial PR
Charles Ryland / Victoria
Hayns 020 7466 5000
Notes to Editors
APQ Global Limited
APQ Global (ticker: APQ LN) is a global emerging markets income
company with interests across Asia, Latin America, Eastern Europe,
the Middle East and Africa. The Company's objective is to steadily
grow earnings to deliver attractive returns and capital growth to
shareholders. This objective is achieved through a combination of
revenue generating operating activities and investing in growing
businesses across emerging markets. APQ Global run a
well-diversified and liquid portfolio, take strategic stakes in
selected businesses and plan to take operational control of
companies through the acquisition of minority and majority stakes
in companies with a focus on emerging markets.
For more information, please visit apqglobal.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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