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 
  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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

September 30, 2022 10:12 ET (14:12 GMT)

I-nexus Global (LSE:INX)
Gráfico Histórico do Ativo
De Out 2022 até Nov 2022 Click aqui para mais gráficos I-nexus Global.
I-nexus Global (LSE:INX)
Gráfico Histórico do Ativo
De Nov 2021 até Nov 2022 Click aqui para mais gráficos I-nexus Global.