Iconic Labs PLC Conversion of Securities & Resignation of Director (2295O)
30 Janvier 2023 - 09:04AM
UK Regulatory (RNS & others)
TIDMICON
RNS Number : 2295O
Iconic Labs PLC
30 January 2023
Iconic Labs PLC
("Iconic" or the "Company")
Conversion of Notes and Board Change
Iconic Labs PLC (LSE:ICON), a multi-divisional new media and
technology business, announces that it has received two valid
Conversion Notices from the European High Growth Opportunities
Securitization Fund (" EHGOSF") and a change to the Company's Board
of Directors ("Board").
Conversion of Loan Notes
The first Conversion Notice was dated 26 January 2023 and
provides for 100 Convertible Notes to be converted into 869,565,217
shares in the Company at a conversion price of GBP0.000115 at the
aggregate principal amount of GBP100,000.
The second Conversion Notice was dated 27 January 2023 and
provides for 150 Notes to be converted into 1,388,888,888 shares in
the Company at a conversion price of GBP 0.000108 at the aggregate
principal amount of GBP150,000.
Application is being made for the 2,258,454,105 new ordinary
shares to be admitted to trading on the Main Market of the London
Stock Exchange which is expected to be on or around 2 February
2023. These shares rank pari passu with the existing ordinary
shares of the Company.
Following the issue of these shares, the Company's issued
ordinary share capital shall consist of 39,663,702,144 ordinary
shares. The figure of 39,663,702,144 represents the total voting
rights in the Company and should be used by shareholders as the
denominator for the calculation by which they can determine if they
are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
("FCA") Disclosure Guidance & Transparency Rules.
Board Change
On 27 January 2023, the Company was informed by Wilhelmus van
der Meer that he was stepping down from the Board with immediate
effect. The Company is in active discussions with candidates to
replace Mr. Van der Meer and an announcement is expected to be made
shortly.
Iconic's CEO, Brad Taylor, stated:
" Iconic appreciates Mr. van der Meer's services during the
restructuring of the Company and wishes him well in his future
business endeavours."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For any further information or enquiries please contact:
ir@iconiclabs.co.uk
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END
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