REG - Mode Global Holdings - Conversion of Loan Notes

R8 Capital InvestmentsAnnouncement

30/11/2022 13:15

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RNS Number : 1131I  Mode Global Holdings PLC  30 November 2022

30 November 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 £113,932.96
principal amount of the Loan Notes, resulting in the issuance today of
5,115,035 new ordinary shares of 1 pence each in the capital of the Company
("New Ordinary Shares") at average conversion price of £0.0207 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 6 November 2022.

 

The Company confirms that as at the date of this announcement, the Company's
issued share capital comprises a total of 104,791,280 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.

 

Enquiries

 

 Mode Global Holdings PLC  Via IFC

 Rita Liu (CEO)

 IFC Advisory Ltd          +44 (0) 203 934 6630

 Financial PR & IR

 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

Notes to Editors

Mode's vision is to be the most trusted crypto company, enabling our customers
to discover, own, and utilise digital assets. As an EMI licence holder, and a
FCA registered crypto asset business, Mode is leveraging the power of crypto
and Open Banking to deliver on this mission and offer customers in the UK a
one-stop app to shop, earn and grow their crypto, all in one place. For
businesses, Mode provides a cheaper, safer and smarter alternative to card
payments that rewards shoppers with crypto.

 

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

 

 

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