Velocys PLC Conversion of Convertible Loan Notes (2650G)
November 05 2018 - 2:00AM
UK Regulatory
TIDMVLS
RNS Number : 2650G
Velocys PLC
05 November 2018
News release
Velocys plc
("Velocys" or "the Company")
5 November 2018
Conversion of convertible loan notes
Velocys plc (VLS.L), the renewable fuels company, today
announces that it has served conversion notices to the holders of
the GBP9 million nominal convertible loan notes that it issued on 1
June 2017 (the "CLNs").
The CLNs (plus interest accrued thereon) will convert into an
aggregate of 20,100,000 new ordinary shares at a conversion price
of GBP0.50 per share in accordance with the terms of the CLNs.
Application will be made for 20,100,000 new ordinary shares to be
admitted to trading on the AIM market of the London Stock Exchange
and dealings are expected to commence on 16 November 2018
("Admission").
Total Voting Rights
With effect from Admission, the Company's issued share capital
will comprise of 410,422,765 ordinary shares, with one voting right
per share. Upon Admission, the figure of 410,422,765 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 share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.
- Ends -
For further information, please contact:
Velocys +44 1235 838
David Pummell, CEO 621
Numis Securities (Nomad and joint broker)
Alex Ham
Stuart Skinner
Jamie Lillywhite +44 20 7260
Tom Ballard 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor +44 20 7523
Ben Griffiths 8000
Camarco (Financial communications & PR)
Billy Clegg
Georgia Edmonds +44 20 3757
Tom Huddart 4983
www.velocys.com
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END
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