i-nexus Global PLC Convertible Loan Notes Redemption Date Extension (4074B)
30 Setembro 2022 - 11:12AM
UK Regulatory
TIDMINX
RNS Number : 4074B
i-nexus Global PLC
30 September 2022
30 September 2022
i-nexus Global plc
("i-nexus", the "Company" or the "Group")
Extension of Redemption Date of Convertible Loan Notes
i-nexus Global plc (AIM: INX), a leading provider of cloud-based
strategy software solutions designed for the Global 5000, announces
that the Company has agreed with the holders of the GBP1.325
million of Fixed Rate Unsecured Convertible Redeemable Loan Notes
issued on 4 November 2020 ("Convertible Loan Notes") to extend the
final redemption date from 4 November 2023 to 4 November 2024 by
way of passing a written resolution. Other than the final
redemption date, the terms of the Convertible Loan Notes, a summary
of which were announced by the Company on 19 October 2020, remain
unchanged.
Richard Cunningham is a Director of the Company and its
Non-Executive Chairman, whilst Herald Investment Management Limited
("Herald") is a "Substantial Shareholder" for the purposes of the
AIM Rules. Richard Cunningham holds Convertible Loan Notes with an
aggregate par value of GBP250,000 and Herald holds Convertible Loan
Notes with an aggregate par value of GBP750,000. Accordingly, the
extension of the term of the Convertible Loan Notes constitutes a
related party transaction under Rule 13 of the AIM Rules.
The Directors other than Richard Cunningham consider, having
consulted with Singer Capital Markets, the Company's Nominated
Adviser, that the amended terms of the Convertible Loan Notes are
fair and reasonable in so far as Shareholders in the Company are
concerned.
For further information please contact:
i-nexus Global plc Via: Alma PR
Simon Crowther, CEO
Drew Whibley, CFO
Singer Capital Markets (Nominated Tel: +44 (0)207 496
Adviser and Broker) 3000
Sandy Fraser / Alaina Wong (Corporate
Finance)
Tom Salvesen (Corporate Broking)
Alma PR Tel: +44 (0)203 405
Caroline Forde 0205
About i-nexus Global plc
i-nexus Global plc ("i-nexus") helps organisations achieve their
goals. Whether executing a strategy, driving operational excellence
and continuous performance improvement, or coordinating portfolios
and programs to transform results, i-nexus strategy execution
software underpins success.
Today, we support organisations in managing over 200,000
strategic programmes around the world.
i-nexus transforms how organisations plan, execute, and track
goals. We inspire the confidence to leave behind the spreadsheets,
presentations and reports those organisations rely on, replacing it
with a cloud-based, collaborative solution.
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September 30, 2022 10:12 ET (14:12 GMT)
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