REG - Malvern Inter. PLC - Loan Conversion and Issue of Equity

Malvern InternationalAnnouncement

01/08/2022 07:00

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RNS Number : 3286U  Malvern International PLC  01 August 2022

 

1 August 2022

 

 

MALVERN INTERNATIONAL PLC

("Malvern" or the "Company")

 

Loan Conversion

 and

Issue of Equity

Malvern International plc ("Malvern" or the "Company"), the global learning
and skills development partner, announces that it has issued and allotted
50,000,000 new ordinary shares of 0.1 pence ("Ordinary Shares") each pursuant
to the conversion of £50,000 of the loan notes at a conversion price of 0.1
pence per share (being the average price of the five business days prior to
the conversion date) that were otherwise redeemable on 31 July 2022 (the "Loan
Note Conversion").

Following the loan note conversion a further £172,817 Loan Notes remain
outstanding all of which are redeemable or convertible on 31 December 2022.

The 50,000,000 new Ordinary Shares will rank pari passu with the Company's
existing ordinary share capital. Application has been made for the 50,000,000
new ordinary shares arising pursuant to the Loan Note Conversion to be
admitted to trading on AIM ("Admission") which is expected to commence at 8.00
a.m. on or around 5 August 2022.

Following Admission, the total number of Ordinary Shares in the Company in
issue will be  2,194,230,688  and the total number of voting rights will be
 2,194,230,688 . This figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 For further information please contact:

 Malvern International Plc                 www.malverninternational.com (http://www.malverninternational.com)
 Mark Elliott - Chairman                   Via our website
 Richard Mace - Chief Executive Officer

 WH Ireland (NOMAD & Broker)               www.whirelandcb.com (http://www.whirelandcb.com)
 Mike Coe / Sarah Mather                   0207 220 1666

 

 

Notes to Editors:

Malvern International is a learning and language skills development partner,
offering international students essential academic and English language
skills, cultural experiences and the support they need to thrive in their
academic studies, daily life and career development.

 

University Pathways - on and off-campus university pathway programmes helping
students progress to a range of universities, as well as in-sessional and
pre-sessional courses.

 

Malvern House Schools - British Council accredited English Language Training
at English UK registered schools in London, Brighton and Manchester.

 

Malvern Online Academy - British Council accredited online school, offering
supported tuition to students from around the world in English language,
higher education, and professional education.

 

Juniors and summer camps - fully-immersive summer residential English language
camps and bespoke group programmes for 13 to 18 year olds.

 

For further investor information go to www.malverninternational.com
(http://www.malverninternational.com) .

 

 

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