REG - Fandango Hldgs Plc - Issue of £350,000 Convertible Loan Note

Fandango HoldingsAnnouncement

06/09/2023 09:00

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RNS Number : 5554L  Fandango Holdings PLC  06 September 2023

Fandango Holdings plc / Index: LSE / Epic: FHP / Sector: Investment

6 September 2023

Fandango Holdings plc ('Fandango' or 'the Company')

 

Issue of £350,000 Convertible Loan Note

 

Fandango Holdings plc is pleased to announce that it has issued Convertible
Loan Notes to certain investors in the nominal amount of £350,000 (the "Loan
Notes"), the proceeds of which will be used to advance the previously
announced proposed acquisition of European Battery Metals Pty Ltd (the
"Acquisition").

 

The Loan Notes have a one-year term from the issue date, being 1 September
2023, and will attract interest payable annually at 8%. The Loan Notes will be
automatically converted into Ordinary Shares of the Company, at the same price
as any contemplated fundraise, on the successful readmission of the Company's
Ordinary Shares to the Official List and to trading on the main market for
listed securities of the London Stock Exchange.

 

ENDS

 

For further information visit www.fandangoholdingsplc.com
(http://www.fandangoholdingsplc.com) or contact:

 

 Charles Tatnall  Fandango Holdings plc  E: ctatnall@btinternet.com (mailto:ctatnall@btinternet.com)

 

 

 

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