Mode Global Holdings PLC Conversion of Loan Notes (7287V)
August 11 2022 - 5:41AM
UK Regulatory
TIDMMODE
RNS Number : 7287V
Mode Global Holdings PLC
11 August 2022
Mode Global Holdings PLC
(the "Company")
CONVERSION OF LOAN NOTES
Mode Global Holdings PLC (LSE: MODE ), the LSE-listed Fintech
Group, announces that further to and with reference to the
Company's announcement dated 13 July 2022 titled "Completion of
Fundraising", it has received and accepted conversion notices
resulting in the conversion of an aggregate of GBP175,422.72
principal amount of the Loan Notes, resulting in the issuance today
of 3,726,441 new ordinary shares of 1 pence each in the capital of
the Company ("New Ordinary Shares ") at the relevant conversion
prices shown below:
Ordinary Shares Conversion price (GBP)
914,461 0.0412
-----------------------
914,461 0.0412
-----------------------
1,897,519 0.0527
-----------------------
Total Voting Rights
Applications are being made to the Financial Conduct Authority
("FCA") for admission of the New Ordinary Shares to the standard
segment of the FCA's Official List and to the London Stock Exchange
for admission of the New Ordinary Shares to trading on the London
Stock Exchange's main market for listed securities (" Admission ").
It is expected that Admission will take place at 8:00 a.m. on 17
August 2022.
The Company confirms that as at the date of this announcement,
the Company's issued share capital comprises a total of 95,172,537
Ordinary Shares, with each share carrying the right to one vote.
The Company does not hold any ordinary shares in treasury.
Shareholders may therefore use this figure 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.
Press contacts:
Fiona McAra, MRM
+44 (0)7471 350286
mode@mrm-london.com
Julie Sand, Mode Global Holdings PLC
+44 (0)203 773 0588
julie.sand@modeapp.com
Notes to Editors
About Mode:
Mode is an LSE-listed fintech company on a mission to build the
world's most disruptive ecosystem where exchanging value and
growing wealth is seamless for all. Mode is leveraging the power of
Bitcoin and Open Banking to deliver on this mission and offer
customers in the UK a one-stop app to shop, earn and grow their
Bitcoin, all in one place. For businesses, Mode provides a cheaper,
safer and smarter alternative to card payments that rewards
shoppers with Bitcoin Cashback.
To learn more, visit our customer/business site at
www.modeapp.com or our investor site at www.modeplc.com.
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END
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