Bermele PLC Convertible Loan Agreement (0433F)
12 Novembre 2020 - 08:00AM
UK Regulatory
TIDMBERM
RNS Number : 0433F
Bermele PLC
12 November 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
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OR IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OF
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DISTRIBUTE THIS ANNOUNCEMENT.
For Immediate Release 12 November 2020
Bermele Plc
("Bermele" or the "Company")
Convertible Loan Agreement
Bermele is pleased to announce that it has entered into a
Convertible Loan Agreement for GBP100,000 ("Loan") with a private
investor. The Loan, which is for a fixed term of 12 months and
carries no interest, is repayable or convertible at the Lender's
discretion into new Ordinary Shares in the Company at the lower of
0.6 pence per share; or a 40% discount to the price per share of
the consideration (or placing) shares issued pursuant to the
acquisition of East Imperial Pte Ltd. ("Conversion").
The proceeds from the Loan are to be used for working capital
pending completion of the potential acquisition of East Imperial
Pte. Ltd as announced by the Company on 20 July 2020. The reverse
takeover continues to make good progress and the acquisition
remains conditional, inter alia, on consent from the UK Listing
Authority for the readmission of the combined entity to the
Standard List.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Bermele Plc +44 (0) 20 3475 9760
Toby Hayward info@bermele.com
Novum Securities Limited
Colin Rowbury +44 (0) 20 7399 9400
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