REG - Mode Global Holdings - Conversion of Loan Notes

R8 Capital InvestmentsAnnouncement

08/09/2022 10:15

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RNS Number : 7680Y  Mode Global Holdings PLC  08 September 2022

Mode Global Holdings PLC

(the "Company")

CONVERSION OF LOAN NOTES

 

Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech Group, announces
that further to and with reference to the Company's announcement dated 13 July
2022 titled "Completion of Fundraising", it has received and accepted
conversion notices resulting in the conversion of an aggregate of £54,132,26
principal amount of the Loan Notes, resulting in the issuance today of
1,699,210 new ordinary shares of 1 pence each in the capital of the Company
("New Ordinary Shares") at the conversion price of £0.0319 per share.

Total Voting Rights

Applications are being made to the Financial Conduct Authority ("FCA") for
admission of the New Ordinary Shares to the standard segment of the FCA's
Official List and to the London Stock Exchange for admission of the New
Ordinary Shares to trading on the London Stock Exchange's main market for
listed securities ("Admission").  It is expected that Admission will take
place at 8:00 a.m. on 13 September 2022.

The Company confirms that as at the date of this announcement, the Company's
issued share capital comprises a total of 96,871,747 Ordinary Shares, with
each share carrying the right to one vote. The Company does not hold any
ordinary shares in treasury. Shareholders may therefore use this figure 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.

 

Press contacts:

Fiona McAra, MRM

+44 (0)7471 350286

mode@mrm-london.com

 

Julie Sand, Mode Global Holdings PLC

+44 (0)203 773 0588

julie.sand@modeapp.com

 

Notes to Editors

 

About Mode:

Mode is an LSE-listed fintech company on a mission to build the world's most
disruptive ecosystem where exchanging value and growing wealth is seamless for
all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on
this mission and offer customers in the UK a one-stop app to shop, earn and
grow their Bitcoin, all in one place. For businesses, Mode provides a cheaper,
safer and smarter alternative to card payments that rewards shoppers with
Bitcoin Cashback.

 

To learn more, visit our customer/business site at www.modeapp.com or our
investor site at www.modeplc.com (http://www.modeplc.com) .

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