REG - Everest Global PLC - Issue of £1.5m of New Convertible Loan Notes

Everest GlobalAnnouncement

26/11/2025 10:30

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RNS Number : 1009J  Everest Global PLC  26 November 2025

26 November 2025

Everest Global plc

 

("Company")

 

Issue of £1.5 million of New Convertible Loan Notes

 

Everest Global plc announces that it has raised a further £1.5 million under
the £50m Loan Note Instrument originally announced on 16 August 2024. The
Company has issued six unsecured convertible loan notes ("CLN") of £250,000
each to Surich Real Estate Opportunity Fund SPC ("Surich Real Estate" or the
"Noteholder"). The Company received the funds on 25 November 2025.

 

The loan notes are convertible in new ordinary shares at a price of £8.00 per
share and carry a coupon of 6% per annum.  The loan notes have an initial
term of three years.

 

Surich Real Estate is wholly owned and controlled by Mr Ziwei Peng. Mr Peng is
the owner and controller of Golden Nice International Group Limited, which
holds a 24.55% interest in the issued share capital of the Company.  Given Mr
Peng's holding in the Company, the issue of the CLNs to Surich Real Estate
constitutes a related party transaction for the purposes of Rule 7.3 of the
Disclosure Guidance and Transparency Rules.

 

The Company is issuing the CLNs to provide funding for its working capital and
capital expenditure requirements and to support the implementation of its
strategy, as described in its prospectus dated 31 October 2023, to pursue one
or more additional acquisitions of businesses (whether by way of share or
asset purchases) in the beverage distribution and production sector in the UK
and across Europe.

 

The material terms of the Loan Note Instrument are as set out in the
Company's announcement dated 16 August 2024.  Defined terms in this
announcement shall have the same meaning as set out in the Company's
announcement dated 16 August 2024.

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).

 

The directors of the Company accept responsibility for the content of this
announcement.

For further information please contact:

 Everest Global plc

 Andy Sui, Chief Executive Officer       +44 (0) 776 775 1787

 Rob Scott, Non-Executive Director       +27 (0)84 6006 001

 SPARK Advisory Partners Limited

 Andrew Emmott                           +44 (0) 20 3368 3555

 

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