Iconic Labs PLC Conversion of Securities (9484V)
12 Aprile 2023 - 9:13AM
UK Regulatory
TIDMICON
RNS Number : 9484V
Iconic Labs PLC
12 April 2023
Iconic Labs PLC
("Iconic" or the "Company")
Conversion of Notes
Iconic Labs PLC (LSE:ICON), announces that it has received a
valid Conversion Notice from the European High Growth Opportunities
Securitization Fund.
The Conversion Notice was dated 11 April 2023 and provides for
50 Convertible Notes to be converted into 2,000,000,000 ordinary
shares of GBP0.00001 ("Ordinary Shares") in the Company at a
conversion price of GBP0.000025 at the aggregate principal amount
of GBP50,000.
Application is being made for the 2,000,000,000 new Ordinary
Shares to be admitted to trading on the Main Market of the London
Stock Exchange which is expected to be on or around 17 April 2023.
These shares rank pari passu with the existing Ordinary Shares of
the Company.
Following the issue of these shares, the Company's issued
ordinary share capital shall consist of 45,106,916,660 Ordinary
Shares. The figure of 45,106,916,660 represents the total voting
rights in the Company and should be used by shareholders as the
denominator for the calculation by which they can determine if they
are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance & Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For any further information or enquiries please contact:
ir@iconiclabs.co.uk
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END
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April 12, 2023 03:13 ET (07:13 GMT)
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