CLEANTECH BUILDING MATERIALS PLC
NASDAQ FIRST NORTH, COPENHAGEN
FOR RELEASE 27 JANUARY 2017
LOAN CONVERSION AND ISSUE OF NEW SHARES
The Directors of Cleantech Building Materials PLC (the “Company”) announce that the Company has received a request from its loan provider, as disclosed in the Company Description, to convert €2,500,000 of outstanding debt into 6,000,000 new ordinary shares of £0.10 each in the Company and, in accordance with the provisions of the loan agreement, for the shares to be issued to a number of parties. No such party will hold 5% or more of the Company`s issued share capital.
Following this conversion, the issued share capital of the Company will be 34,583,519 ordinary shares of £0.10 each.
The Company`s Chairman, Paul Richards, said:
“We are delighted that our loan provider has chosen to convert some of its outstanding loan into shares in CBM and the confidence this demonstrates in CBM`s business plan. 2017 is going to be an exciting year for CBM and we look forward to delivering value for all of our shareholders.”
THE DIRECTORS OF CLEANTECH BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
Further information may be found at the Company`s website at www.cbm-plc.com
Company contact details:
Keswick Global AG
+43 1 740 408045
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cleantech Building Materials via GlobeNewswire