Clean Invest Africa Plc Issue of Convertible Loan Notes
28 Novembro 2023 - 6:15AM
UK Regulatory
TIDMCIA
Certain information contained in this announcement would have been deemed inside
information for the purposes of Article 7 of Regulation (EU) No 596/2014 until
the release of this announcement.
28 November 2023
Clean Invest Africa plc
("Clean Invest Africa" or the "Company")
Issue of Convertible Loan Notes
Clean Invest Africa Plc (AQSE: CIA), the Aquis Growth Market quoted clean
technology and renewable energy investment company, is pleased to announce that
it has issued unsecured convertible loan notes for a total of £127,066 (the
"CLNs"). The CLNs have an annual interest coupon rate of 8%, payable either in
cash or in ordinary shares of the Company at sole discretion of the Investors,
on a six month basis, at a conversion rate of 0.35 pence per share. The CLNs
principal amount matures on 31[st] December 2024 and are convertible then at the
option of the holder into 36,304,571 ordinary shares of 0.25p each in the
Company ("Ordinary Shares") at a price of 0.35 pence per share. Both the CLNs
and the coupon also carry the equivalent of one Warrants for every two Ordinary
Share resulting from the conversions each with an exercise price of 1p and valid
for a period of 3 years from grant.
The CLNs have been raised through Bahrain Energy Services WLL, an entity
controlled equally by Non-Executive Chairman, Shaikh Mohamed Abdulla Khalifa
Alkhalifa and Chief Executive Officer Filippo Fantechi.
The funds raised as a result of the issue of the CLNs will be used to provide
additional working capital for the Company.
Filippo Fantechi, Chief Executive Officer & Director of Clean Invest Africa plc
and CEO of CoalTech Limited, commented "By participating in this fund raising
the investors have shown their confidence in the Company. The operating
business, CoalTech Limited, continues to have bright prospects particularly
through international expansion and we will update shareholders as events
unfold."
The directors of the Company accept responsibility for the contents of this
announcement.
ENQUIRIES:
Company
Clean Invest Africa PLC
Filippo Fantechi, Director
Telephone: +973 3969 6273
Corporate Adviser
Peterhouse Capital Limited
Guy Miller/Mark Anwyl
Telephone: 020 7220 9795
Notification and
public
disclosure of
transactions by
persons
discharging
managerial
responsibilities
and persons
closely
associated with
them.
1 Details of the person discharging
managerial responsibilities / person
closely associated
a) Name Shaikh Mohamed
Abdulla Khalifa
Alkhalifa
2 Reason for the notification
a) Position/status Non-executive
Chairman of Clean
Invest Africa, Plc
b) Initial notification /Amendment Initial
3 Details of the issuer, emission
allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Clean Invest Africa,
Plc
b) LEI 21380018O4YRPUEJUS57
4 Details of the transaction(s): section
to be repeated for (i) each type of
instrument; (ii) each type of
transaction; (iii) each date; and (iv)
each place where transactions have been
conducted
a) Description of the financial Ordinary Shares of
instrument, type of 0.25 pence eachISIN:
instrumentIdentification code GB00BF52QX07
b) Nature of the transaction Capital Raise via
CLNs
c) Price(s) and volume(s) Convertible Loan
Notes into
18,152,286 Ordinary
Shares at 0.35 pence
per share
d) Aggregated information- Aggregated N/A (single
volume- Price transaction)
e) Date of the transaction 24 November 2023
f) Place of the transaction AQSE Growth Market
Notification and
public
disclosure of
transactions by
persons
discharging
managerial
responsibilities
and persons
closely
associated with
them.
1 Details of the person discharging
managerial responsibilities / person
closely associated
a) Name Filippo Fantechi
2 Reason for the notification
a) Position/status Director of Clean
Invest Africa, Plc
b) Initial notification /Amendment Initial
3 Details of the issuer, emission
allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Clean Invest Africa,
Plc
b) LEI 21380018O4YRPUEJUS57
4 Details of the transaction(s): section
to be repeated for (i) each type of
instrument; (ii) each type of
transaction; (iii) each date; and (iv)
each place where transactions have been
conducted
a) Description of the financial Ordinary Shares of
instrument, type of 0.25 pence eachISIN:
instrumentIdentification code GB00BF52QX07
b) Nature of the transaction Capital Raise
c) Price(s) and volume(s) Convertible Loan
Notes into
18,152,285 Ordinary
Shares at 0.35 pence
per share
d) Aggregated information- Aggregated N/A (single
volume- Price transaction)
e) Date of the transaction 24 November 2023
f) Place of the transaction AQSE Growth Market
This information was brought to you by Cision http://news.cision.com
END
(END) Dow Jones Newswires
November 28, 2023 04:15 ET (09:15 GMT)
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