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.
26 July 2019
Issue of Convertible Loan Notes and Equity
Two Directors of the Company, Mr
Director £ MrN Lyons (Non-Executive Director) 65,000 MrPaul Ryan (Non-Executive Director) 65,000 Total 130,000
In addition to the working capital requirements, a number of creditors have agreed to settle outstanding invoices totalling £54,000, into a total of 2,088,888 Ordinary Shares comprising 1,200,000 Ordinary Shares at £0.025 per share (being equivalent to £30,000.00 including VAT and 888,888 Ordinary Shares at £0.027 (being equivalent to £24,000.00 including VAT) (the “Conversion Shares”).
The operating business,
Related party transaction and shareholder vote
The participation of the directors of the Company in the CLNs constitutes a related party transaction and those directors considered to be independent in relation to the transaction, consider that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.
Details of the Conversion Shares
Application will be made for the Conversion Shares, which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on NEX (“Admission”). It is expected that admission will become effective and dealings will commence at
Total Voting Rights
Following the issue of the Conversion Shares, the total issued share capital of the Company will consist of 894,211,730 ordinary shares of 0.25p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 894,211,730.
The above figure of 894,211,730 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the
The directors of the Company accept responsibility for the contents of this announcement
ENQUIRIES:
ENQUIRIES:
Company
Telephone: +44 7912 514 809/ +32 475 754 148
Corporate Adviser
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 : Mr.NOEL LYONS 2. Reason for the notification a) Position/status: Non-Executive Director b) Initial notification/Amendment: Initial notification 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 instrument, Ordinary shares of0.25 pence each type of instrument: ISIN:GB00BF52QX07 Identification code: b) Nature of the transaction: a. CLN Subscription b. Issue of shares in lieu of fees c) Price(s) and volume(s): a. CLN Subscription Price(s) Volume(s) 2.75 p 2,363,636 d) Aggregated information: See 4c) above Aggregated volume: Price: e) Date of the transaction:26 July 2019 f) Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated a)Name : Mr.Paul Ryan 2. Reason for the notification a) Position/status: Non-Executive Director b) Initial notification/Amendment: Initial notification 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 instrument, Ordinary shares of0.25 pence each type of instrument: ISIN:GB00BF52QX07 Identification code: b) Nature of the transaction: a. CLN Subscription c) Price(s) and volume(s): a. CLN Subscription Price(s) Volume(s) 2.75 p 2,363,636 d) Aggregated information: See 4c) above Aggregated volume: Price: e) Date of the transaction:26 July 2019 f) Place of the transaction: Outside a trading venue
