23 Août 2024

Everest Global plc

( "L'entreprise»)

£3.0 million received from subscription of New Convertible Loan Notes

The directors of the Company refer to the announcement of 15 Août 2024 whereby the Company constituted a loan note instrument pursuant to which the Company may issue up to £50 million loan notes in tranches of integral multiples of £250,000 at any time. Each tranche of loan notes will have an initial term of 3 years from the date of the certificate being issued to the relevant noteholder (the “Loan Note Instrument”).

The Company announced that it had issued 14 unsecured convertible loan notes (“CLNs”) to Surich Real Estate Opportunity Fund SPC (“SPC” or the “Noteholder”) in an aggregate value of £3.5m.  Subsequently, the Noteholder and the Company agreed that £3.0m of funds would be sufficient for the Company’s current working capital requirements and accordingly, the subscription was amended to comprise 12 CLN’s and £3.0 million has been received into the Company’s bank account. The Noteholder has indicated that should the Company require further funding it would be amenable to subscribe for more, should their circumstances permit.

SPC is wholly owned and controlled by Mr Ziwei Peng. Mr Peng is the owner and controller of Golden Nice International Group Limited, which holds a 24.55% interest in the issued share capital of the Company. Given Mr Peng’s holding in the Company, the issue of the CLNs to SPC is a related party transaction for the purposes of Rule 7.3 of the Disclosure Guidance and Transparency Rules.

La Société émet des CLN pour financer ses besoins en fonds de roulement et en dépenses d'investissement pour le moment et afin de travailler à l'exécution de sa stratégie visant à entreprendre une ou plusieurs autres acquisitions d'entreprises (soit des actions, soit des actifs) dans le secteur de la distribution et de la production de boissons. secteur au Royaume-Uni et dans le reste du Europe as set out in its prospectus dated 31 Octobre 2023.

Les conditions importantes des instruments de prêt sont :

-          le montant principal total des billets de prêt est limité à 50 millions de livres sterling et ils seront émis en multiples intégraux de 250,000 XNUMX livres sterling ;

-          the loan notes issued pursuant to the Loan Notes Instrument  are unsecured;

-          la durée de chaque tranche de bons de prêt est de 3 ans à compter de la date du certificat des bons de prêt concernés ;

-          they are convertible into ordinary shares of £0.02 each in the issued share capital of the Company (“Ordinary Shares”);

-          the Noteholder will not be able to convert loan notes in the first 12 months from the date of issue of such loan notes;

-          the Noteholder will not be able to convert loan notes if in any rolling 12 month period Everest has already issued 20% of its entire issued share capital, unless:

• a prospectus is published by the Company which includes a disclosure referring to the conversion of such loan notes and admission of the new Ordinary Shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market for listed securitiesEt
• the issue of such new Ordinary Shares will not result in such noteholder, together with any persons acting in concert with it, holding 30 per cent. or more of the voting rights of the Company at any time;

-          the Noteholder will not be able to convert loan notes to the extent that such noteholder, together with anyone acting in concert with them, will hold 30% or more of the voting rights in Everest,  unless independent shareholders have given their approval and the Takeover Panel has waived the obligation to make an offer for the entire issued share capital of Everest;

-          the Noteholder may request the payment of interest on the anniversary date of the issue of the loan notes to them or request that the interest is rolled up and capitalised;

-          the interest rate that will be applied to outstanding loan notes s is 6% per annum;

-          le prix de conversion des billets d'emprunt est un prix par action ordinaire de 0.04 £ ;

-          at the end of the term of each tranche of loan notes (or such other date that the Company notifies the relevant noteholders in writing in respect of such tranche of loan notes), Everest will repay the principal amount of such tranche of loan notes not converted, plus accrued interest, by issuing new ordinary shares or cash (at the Company’s election) ; and

-          the CLNs can only be transferred to a party approved by the Directors.

As at today’s date, excluding any accrued interest, £254,450 of previously issued convertible loan notes remain outstanding pursuant to convertible loan note deeds (all of which are held by Golden Nice International Group Limited, a company wholly owned by Mr Ziwei Peng), dont les détails sont présentés dans le tableau ci-dessous :

Cette annonce contient des informations privilégiées aux fins de l'article 7 du règlement de l'UE 596/2014 (qui fait partie du droit national britannique conformément à la loi de 2018 sur le retrait de l'Union européenne).

Les administrateurs de la Société acceptent la responsabilité du contenu de cette annonce.

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