Clean Invest Africa Plc - Conversion to Equity of Remaining Facility Agreement
Announcement provided by
Clean Invest Africa Plc · CIA12/02/2024 07:00
Clean Invest Africa Plc
(“CIA” or the “Company")
AQUIS: CIA
CIA completes convertion of
Directors Holding in Company
Clean Invest Africa Plc is pleased to announce that it has successfully completed the conversion from debt to equity of the Facility Agreement convertible loan note (“CLN”), as set out in paragraph 8.13, Part VI of its Admission Document dated 14 June 2019. The CLN is now fully converted to equity.
This follows a previous debt to equity conversion of the Facility Agreement, and the details are disclosed in the announcement of 5 April 2022.
Shaikh Mohamed Abdulla Khalifa AlKhalifa has notified the Company of the immediate conversion of the remaining
After conversion of the CLN, the Shaikh Mohamed Abdulla Khalifa AlKhalifa, Non-Executive Chairman, there is no further debt outstanding pursuant to the CLN.
Application has been made for the 53,165,765 new ordinary shares to trading on the Aquis Growth Market and this is expected to occur on or around 16 February 2024.
Following the CLN conversions, the following Directors will hold:
| Director | Ordinary Shares | % of Enlarged Share Capital |
| Shaikh Mohamed Abdulla Khalifa AlKhalifa | 560,784,969 | 27,42 % |
| Contax Partners Inc. (beneficially owned by Filippo Fantechi) | 542,035,789 | 26,50 % |
Following the issue of the 53,165,765 new ordinary shares to the Shaikh Mohamed Abdulla Khalifa AlKhalifa, the Company will have 2,045,707,702 Ordinary Shares of
CIA Chief Executive Officer, Filippo Fantechi remarked that: “With the CLNs fully converted, there is no further debt outstanding, providing increasing confidence in our Company prospects, and today’s confirmation of the final conversion to ordinary shares reinforces this belief by the main shareholders and also substantially enhances the Company balance sheet. I hope that this confidence is shared by all shareholders, as we develop very interesting bright prospects particularly through expansion in various international markets, and we will update shareholders as events unfold.”
The Directors of the Company accept responsibility for the content of this announcement.
ENQUIRIES :
Clean Invest Africa plc
Filippo Fantechi – Chief Executive Officer: +973 3 9696273
Peterhouse Capital Limited
Guy Miller: +44 20 7469 0930
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 | ||||||||
| 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: | 213800WAVVOPS85N2205 | ||||||||
| 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 instrument: Identification code: | Ordinary shares of
| ||||||||
| b) | Nature of the transaction: | Conversion of loan to shares | ||||||||
| c) | Price(s) and volume(s): | Issue of shares
| ||||||||
| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) aboveIssue of shares
| ||||||||
| e) | Date of the transaction: | 9 February 2024 | ||||||||
| f) | Place of the transaction: | Aquis Growth Market | ||||||||
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