Eastbridge Investments PLC Further re cancellation of warrants (6907C)
29 Juin 2016 - 4:31PM
UK Regulatory
TIDMEBIV
RNS Number : 6907C
Eastbridge Investments PLC
29 June 2016
29 June 2016
Eastbridge Investments Plc
("Eastbridge" or the "Company")
Further re cancellation of warrants
Further to the announcements of 21 June and 24 June, Eastbridge
wishes to inform shareholders that it has agreed with Helix
Investment Management SLP ("Helix") that, as compensation for the
cancellation of the 8.5 billion warrants to subscribe for ordinary
shares in Eastbridge previously held by them, Helix will receive a
fee of GBP30,000. This fee will be settled from the fixed coupon
due to Eastbridge in respect of the GBP500,000 Tranche B Helix
Securitisation Fund notes ("Helix Notes") acquired on 2 December
2015 which yield 9.85% per annum. In addition, Eastbridge has
agreed that henceforth any coupon payment received in respect of
the Helix Notes (over and above the aforementioned GBP30,000) will
be reinvested in new further notes issued under the same programme.
The Helix Notes are scheduled to be redeemed on 30 June 2020 but,
as a result of these arrangements, until such time as redemption
takes place the Company will not receive any cash distribution in
respect of its holding.
For further additional information please contact:
Eastbridge Investments Plc Tel: +44 (0)78
Gregory Collier 301 82501
Nominated Adviser Tel: +44 (0)20
Northland Capital Partners 3861 6625
Limited
William Vandyk / Matthew Johnson
Broker Tel: +44 (0)20
Peterhouse Corporate Finance 7469 0930
Limited
Fungai Ndoro /Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
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