REG - Iconic Labs PLC - Conversion of Securities

Iconic LabsAnnouncement

22/09/2023 09:45

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RNS Number : 3765N  Iconic Labs PLC  22 September 2023

Iconic Labs PLC

 

("Iconic" or the "Company")

 

Conversion of Notes and Allotment of Shares

Iconic Labs PLC (LSE:ICON), announces that it has received a valid Conversion
Notice from the European High Growth Opportunities Securitization Fund.

The Conversion Notice was dated 21 September 2023 and provides for 30
Convertible Notes to be converted into 271,739 ordinary shares of £0.1 in
the Company ("Ordinary Shares") at a conversion price of £0.1104 at the
aggregate principal amount of £30,000.

Application is being made for 271,739 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 27 September 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 5,511,420 Ordinary Shares. The figure
of 5,511,420 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
Disclosure Guidance & Transparency Rules.

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 (mailto:ir@iconiclabs.co.uk)

 

 

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