("Imperial" or the "Company")
Issue of Loan Notes and Appointment of Non-Executive Director
Imperial is pleased to announce that it intends to issue up to £300,000 nominal of unsecured convertible notes, which are convertible into ordinary shares at a conversion price of £0.01 each and which pay interest at a rate of 10% per annum (the “Loan Notes”). An initial £50,000 of Loan Notes will be subscribed immediately and the proceeds will be utilised to fund the Company’s general working capital requirements.
In addition, Imperial is pleased to announce the appointment of Fezile Mzazi, aged 38, as a Non-Executive Director of the Company with immediate effect. Mr Mzazi is based in
Current Directorships and Partnerships Past Directorships and Partnerships over the last 5 years
Direct Recovery and Management Services Firm Trench Capital (Pty) Limited (Pty) Limited Dynasty Telecoms (Pty) LimitedFirm Trench Resources Global WTE SA (Pty) LimitedLwazi Training cc Fuzi Flea Property Rentals cc
There is no further information regarding Mr Mzazi that is required to be disclosed pursuant to Paragraph 21, Appendix 1 of the NEX Exchange Growth Market - Rules for Issuers.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
+44 7899 249990
+44 (0)20 7220 9796