Tangibal announces €429,333 Bond conversion into Equity in Tangibal Group Plc at € 0.29 cents
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Tangibal announces €429,333 Bond conversion into Equity in Tangibal Group Plc at € 0.29 cents
London, 11th July 2013. Tangibal Group Plc is pleased to announce that on 26th June 2013 the company converted its Bond with Liechtensteinische Landesbank for €429,333 Euros - ISIN DE000A1G7Y25 – into shares in Tangibal Group Plc at a price of €0.29 cents per share.
The total convertible bond was for €400,000 plus interest at 8% per annum. The Bond was issued on 2nd August 2012 with a minimum conversion price of £0.25 pence which on conversion to Euros results in a conversion price of €0.291 cents. The interest calculated on the bond for the 11 months inclusive equals €29,333.00 making the total conversion value €429,333.00 which at 0.291 per share is equal to 1,475,371 shares.
Dominic Brookman CEO commented “We are pleased to welcome Liechtensteinische Landesbank as a shareholder in Tangibal Group Plc, especially as the price of €0.29 cents represents a significant premium to the current share price.”
For further information please contact:
Tangibal Group PLC+44 207 754 0459
Dominic Brookman
www.tangibal.com
The directors of Tangibal accept responsibility for the information contained in this announcement relating to Tangibal. To the best of the knowledge and belief of the directors of Tangibal (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not affect the import of such information.
Leseranfragen:
Tangibal Group PLC
Datum: 11.07.2013 - 10:00 Uhr
Sprache: Deutsch
News-ID 277404
Anzahl Zeichen: 1712
contact information:
Town:
Wien
Kategorie:
Business News
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