appScatter Group PLC - New Loan Facility and Issue of Equity
("appScatter" or the "Company")
New Loan Facility and Issue of Equity
The Company has signed a loan facility for up to
The facility will be drawn in tranches, the first advance of
The first and second advances will be repaid in thirty-six equal monthly instalments commencing three months after the first draw down. Subsequent and further advances will be repaid in thirty equal instalments.
Under the terms of the facility the Company will issue warrants to Harbert on draw down of the first advance equal to
Further to the announcement dated
Application has been made for the Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM on
Total Voting Rights
On Admission, the Company will have 97,049,889 ordinary shares of
"I am delighted to have secured this additional funding which will be used to progress the transaction, I look forward to the readmission of the enlarged Group."
For enquiries, please contact:
Tel: +44 (0)20 8004 7212
Nominated Adviser and Broker
Tel: +44 (0)20 7220 0500
Tel: +44 (0)20 7934 6630
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This information is provided by RNS, the news service of the
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