capAI plc Announces Conversion of CLNs and Issue of Fee Shares
Why we think this is neutral
This RNS announcement does not contain any specific financial or operational updates that would significantly impact the company's performance. It is primarily an administrative update regarding the conversion of outstanding convertible loan notes and the issuance of fee shares.
Key Points
- Conversion of all outstanding convertible loan notes (CLNs) into 123,000,000 new ordinary shares
- Issuance of 63,492,063 new ordinary shares as fee shares
- New ordinary shares to be admitted to listing and trading
Summary
The real estate investment firm has announced the conversion of all outstanding convertible loan notes into new ordinary shares and the issuance of fee shares.
capAI plc has announced the conversion of all outstanding convertible loan notes (CLNs) into 123,000,000 new ordinary shares. Additionally, the company has issued 63,492,063 new ordinary shares as fee shares. The new ordinary shares will be admitted to listing on the equity shares (transition) category of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange.
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