SigmaRoc PLC Listing of Convertible Loan Notes (2916A)
December 27 2017 - 2:00AM
UK Regulatory
TIDMSRC
RNS Number : 2916A
SigmaRoc PLC
27 December 2017
SigmaRoc plc / EPIC: SRC / Market: AIM / Sector: Construction
Materials
27 December 2017
SigmaRoc plc
("SigmaRoc" or the "Company")
Listing of Convertible Loan Notes
SigmaRoc plc, the buy-and-build construction materials group, is
pleased to announce that, on 22 December 2017, it successfully
listed its GBP10 million unsecured convertible loan notes (the
"CLNs") on the Official List of The International Stock Exchange
("TISE"). The CLNs attract interest at a rate of 6% per annum,
mature on 5 January 2022 and are able to be converted into new
ordinary shares in the Company at a price of 52 pence per share.
TISE is a recognised exchange, therefore holders of the CLNs will
henceforth benefit from the Eurobond exemption for the deduction of
income tax on any interest received.
The CLNs will trade on TISE with ISIN GB00BYV00V77 and
Ravenscroft Group will act as Market Maker. SigmaRoc is pleased to
have completed the listing of its CLNs within this calendar year,
giving the CLNs a potentially wider audience.
Max Vermorken, SigmaRoc's CEO, commented:
"The issue of the CLNs was an essential part of the Company's
fundraise completed in December 2016 and has enabled some yield
investors to participate in the Company's growth story. We are
pleased that, with the assistance of the Ravenscroft Group, we have
been able to list the CLNs within this calendar year. Potential
investors which have certain regular reporting and/or pricing
requirements may now be able to invest in the securities and we
believe that this is another positive step towards increasing the
awareness of our business within the investment community."
Enquiries:
Tel: +44(0)207 002
SigmaRoc 1080
Max Vermorken, CEO
Strand Hanson (Nominated Tel: +44(0)207 409
and Financial Adviser) 3494
James Spinney / James Dance
Tel: +44(0)203 207
Berenberg (Broker) 7800
Ben Wright / Mark Whitmore
/ Laure Fine
Temple Bar Advisory (Financial Tel: +44(0)7738 724
PR adviser) 630
Ed Orlebar / Tom Allison
/ Alycia MacAskill sigmaroc@templebaradvisory.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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