Clean Invest Africa Plc - Issue of Convertible Loan Notes
Announcement provided by
Clean Invest Africa Plc · CIA28/11/2023 09:15
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.
28 November 2023
Clean Invest Africa plc
("Clean Invest Africa" or the "Company")
Issue of Convertible Loan Notes
Clean Invest Africa Plc (AQSE: CIA), the Aquis Growth Market quoted clean technology and renewable energy investment company, is pleased to announce that it has issued unsecured convertible loan notes for a total of £127,066 (the "CLNs"). The CLNs have an annual interest coupon rate of 8%, payable either in cash or in ordinary shares of the Company at sole discretion of the Investors, on a six month basis, at a conversion rate of
The CLNs have been raised through Bahrain Energy Services WLL, an entity controlled equally by Non-Executive Chairman, Shaikh Mohamed Abdulla Khalifa Alkhalifa and Chief Executive Officer Filippo Fantechi.
The funds raised as a result of the issue of the CLNs will be used to provide additional working capital for the Company.
Filippo Fantechi, Chief Executive Officer & Director of Clean Invest Africa plc and CEO of CoalTech Limited, commented "By participating in this fund raising the investors have shown their confidence in the Company. The operating business, CoalTech Limited, continues to have bright prospects particularly through international expansion and we will update shareholders as events unfold."
The directors of the Company accept responsibility for the contents of this announcement.
ENQUIRIES:
Company
Clean Invest Africa PLC
Filippo Fantechi, Director
Telephone: +973 3969 6273
Corporate Adviser
Peterhouse Capital Limited
Guy Miller/Mark Anwyl
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 | Shaikh Mohamed Abdulla Khalifa Alkhalifa |
| 2 | Reason for the notification | |
| a) | Position/status | Non-executive Chairman of Clean Invest Africa, Plc |
| b) | Initial notification /Amendment | Initial |
| 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, type of instrumentIdentification code | Ordinary Shares of |
| b) | Nature of the transaction | Capital Raise via CLNs |
| c) | Price(s) and volume(s) | Convertible Loan Notes into 18,152,286 Ordinary Shares at |
| d) | Aggregated information- Aggregated volume- Price | N/A (single transaction) |
| e) | Date of the transaction | 24 November 2023 |
| f) | Place of the transaction | AQSE Growth Market |
| 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 | Filippo Fantechi |
| 2 | Reason for the notification | |
| a) | Position/status | Director of Clean Invest Africa, Plc |
| b) | Initial notification /Amendment | Initial |
| 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, type of instrumentIdentification code | Ordinary Shares of |
| b) | Nature of the transaction | Capital Raise |
| c) | Price(s) and volume(s) | Convertible Loan Notes into 18,152,285 Ordinary Shares at |
| d) | Aggregated information- Aggregated volume- Price | N/A (single transaction) |
| e) | Date of the transaction | 24 November 2023 |
| f) | Place of the transaction | AQSE Growth Market |
View more ...
