Malvern International PLC Loan Note Conversion and Issue of Equity (1554H)
August 02 2021 - 2:00AM
UK Regulatory
TIDMMLVN
RNS Number : 1554H
Malvern International PLC
02 August 2021
2 August 2021
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 21,551,724 new ordinary shares of 1p
("Ordinary Shares") each pursuant to the conversion of GBP50,000 of
the loan notes at a conversion price of 0.232 pence per share
(being the average price of the five business days prior to the
conversion date) that were otherwise redeemable on 31 July (the
"Loan Note Conversion").
Following the loan note conversion a further GBP272,817 Loan
Notes remain outstanding of which a further GBP50,000 is redeemable
or convertible on each of 31 January 2022 and 31 July 2022 with the
final balance redeemable or convertible on 31 December 2022.
The 21,551,724 new Ordinary Shares will rank pari passu with the
Company's existing ordinary share capital. Application has been
made for the 21,551,724 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 6 August
2021
Following Admission, the total number of Ordinary Shares in the
Company in issue will be 2,109,018,964 and the total number of
voting rights will be 2,109,018,964. 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 includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
For further information please
contact:
Malvern International Plc www.malverninternational.com
Mark Elliott - Chairman Via Communications Portfolio
Richard Mace - Chief Executive
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe 0207 220 1666
Media enquiries
Communications Portfolio ariane.comstive@communications-portfolio.co.uk
Ariane Comstive +44 7785 922 354
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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