REG - Hawkwing PLC - Update on Hawkwing’s CULS

HawkwingAnnouncement

28/11/2022 07:00

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RNS Number : 6985H  Hawkwing PLC  28 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 6/2014 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.

 

28 November 2022

 

 

Hawkwing plc

 

("Hawkwing" or the "Company")

 

Update on Hawkwing's Unsecured Convertible Loan Notes ("CULS")

 

Further to the announcement on 27 October 2022, the Company has received a
statutory demand from a Convertible Loan Note holder ("Holder") for the
repayment of £2,209,709.59 in respect of the Holder's CULS by 15 December
2022.  The Company has received legal advice that the Holder's statutory
demand should not have been made and the Holder has been asked to withdraw the
statutory demand.

 

The Company will give a further update to the market in due course.

 

Important Notices

 

This announcement contains 'forward‐looking statements' concerning the
Company that are subject to risks and uncertainties. Generally, the words
'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans',
'expects', 'aims', 'intends', 'anticipates' or similar expressions or
negatives thereof identify forward‐looking statements. These
forward‐looking statements involve risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward‐looking statements. Many of these risks and uncertainties relate to
factors that are beyond the Company's ability to control or estimate
precisely. The Company cannot give any assurance that such forward‐looking
statements will prove to have been correct. The reader is cautioned not to
place undue reliance on these forward‐looking statements, which speak only
as of the date of this announcement. The Company does not undertake any
obligation to update or revise publicly any of the forward‐looking
statements set out herein, whether as a result of new information, future
events or otherwise, except to the extent legally required.

 

Nothing contained herein shall be deemed to be a forecast, projection or
estimate of the future financial performance of the Company.

 

Enquiries:

 

 Hawkwing plc
 Keith Sadler, Senior Independent Non-Executive Director  +44 (0)20 4582 3500

 Gracechurch Group
 Harry Chathli, Alexis Gore                               +44 (0)20 4582 3500

 

About Hawkwing plc

 

For more information, please refer to the Company's website: www.hawkwing.co
(http://www.hawkwing.co) m

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