REG - i-nexus Global PLC - Convertible Loan Notes Redemption Date Extension 

i-nexus GlobalAnnouncement

30/09/2022 15:15

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RNS Number : 4074B  i-nexus Global PLC  30 September 2022

30 September 2022

i-nexus Global plc

("i-nexus", the "Company" or the "Group")

 

Extension of Redemption Date of Convertible Loan Notes

i-nexus Global plc (AIM: INX), a leading provider of cloud-based strategy
software solutions designed for the Global 5000, announces that the Company
has agreed with the holders of the £1.325 million of Fixed Rate Unsecured
Convertible Redeemable Loan Notes issued on 4 November 2020 ("Convertible Loan
Notes") to extend the final redemption date from 4 November 2023 to 4 November
2024 by way of passing a written resolution. Other than the final redemption
date, the terms of the Convertible Loan Notes, a summary of which were
announced by the Company on 19 October 2020, remain unchanged.

Richard Cunningham is a Director of the Company and its Non-Executive
Chairman, whilst Herald Investment Management Limited ("Herald") is a
"Substantial Shareholder" for the purposes of the AIM Rules. Richard
Cunningham holds Convertible Loan Notes with an aggregate par value of
£250,000 and Herald holds Convertible Loan Notes with an aggregate par value
of £750,000. Accordingly, the extension of the term of the Convertible Loan
Notes constitutes a related party transaction under Rule 13 of the AIM Rules.

The Directors other than Richard Cunningham consider, having consulted with
Singer Capital Markets, the Company's Nominated Adviser, that the amended
terms of the Convertible Loan Notes are fair and reasonable in so far as
Shareholders in the Company are concerned.

 

For further information please contact:

 i-nexus Global plc                                     Via: Alma PR

 Simon Crowther, CEO

 Drew Whibley, CFO

 Singer Capital Markets (Nominated Adviser and Broker)  Tel: +44 (0)207 496 3000

 Sandy Fraser / Alaina Wong (Corporate Finance)

 Tom Salvesen (Corporate Broking)

 Alma PR                                                Tel: +44 (0)203 405 0205

 Caroline Forde

 

About i-nexus Global plc

i-nexus Global plc ("i-nexus") helps organisations achieve their goals.
Whether executing a strategy, driving operational excellence and continuous
performance improvement, or coordinating portfolios and programs to transform
results, i-nexus strategy execution software underpins success.

Today, we support organisations in managing over 200,000 strategic programmes
around the world.

i-nexus transforms how organisations plan, execute, and track goals. We
inspire the confidence to leave behind the spreadsheets, presentations and
reports those organisations rely on, replacing it with a cloud-based,
collaborative solution.

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