TIDMBERM

RNS Number : 5090R

Bermele PLC

08 March 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR IN OR INTO, AUSTRALIA, CANADA, JAPAN, THE UNITED STATES OF AMERICA OR SOUTH AFRICA OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

 
 For Immediate Release   8 March 2021 
 

Bermele Plc

("Bermele" or "the Company")

Convertible Loan Agreement

Bermele 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 0.6 pence per share.

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. Preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are well advanced.

The transaction remains conditional, inter alia, on consent from the Financial Conduct Authority for the re-admission of the enlarged share capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules).

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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(END) Dow Jones Newswires

March 08, 2021 11:00 ET (16:00 GMT)

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