Facilité de prêt et participation en société
25 Janvier 2024
Cette annonce contient des informations privilégiées aux fins du règlement 11 du règlement 2019/310 sur les abus de marché (modification) (sortie de l'UE). Avec la publication de cette annonce via un service d'information réglementaire, ces informations privilégiées sont désormais considérées comme appartenant au domaine public.
Localisation Sciences Group PLC
("Location Sciences" ou la "Société" ou le "Groupe")
Term loan facility entered into with Bidco 3 Limited
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Participation dans l'entreprise
Localisation Sciences (AIM: LSAI) announces that the Company has entered into an unsecured term loan facility agreement with Bidco 3 Limited (the "Prêteur"Ou"Bidco 3") for a total principal amount of up to £3.0 million (the "Facilité"). Bidco 3 is a special purpose holding company focused on making appropriate strategic investments.
Background to and reasons for the Facility
As most recently announced by the Company on 20 December 2023, a considerable amount of work has been carried out in relation to the Company's proposed acquisition of the entire issued share capital of Sorted Holdings Limited ("Trié") (les "Acquisition proposée"). As the Company continues to work towards the finalisation of the Proposed Acquisition, the Company is cognisant of its existing overheads and working capital requirements, and those of the Company following completion of the Proposed Acquisition. In this respect, the Facility, subject to the satisfaction of certain customary conditions precedent, will be available for drawdown to be used for, entre autres, providing the Company with general working capital.
Key terms and conditions of the Facility
The Company may utilise the Facility in one or more tranches, provided that any utilisation of the Facility is for a minimum amount of £0.5 million, with the aggregate amount of funds drawn pursuant to the Facility not exceeding £3.0 million.
Borrowings under the Facility will accrue interest daily at 1.5 per cent. per month and shall be repayable on 31 January 2026. The Facility is subject to customary events of default and an arrangement fee of £125,000 is payable to the Lender, which can be satisfied in cash or by the issuance of ordinary shares in the Company at the Lender's option.
Participation dans l'entreprise
Separate to the above, Location Sciences was informed on 24 January 2024 that Daron Lee now holds 75,000,000 ordinary shares in the Company, representing approximately 2.83 per cent of the issued share capital of the Company.
Pour de plus amples informations s'il vous plaît contacter:
Localisation Sciences Group PLC via Allenby Capital
Simon Wilkinson, président
Allenby Capital Limited (conseiller désigné) Téléphone : +44 (0) 20 3328 5656
David Hart
Vivek Bhardwaj
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