17:54 Wed 05 Aug 2020
W Resources PLC - £500,000 Atlas Facility Drawdown
("W" or the "Company")
This convertible bond tranche has a 5% coupon and 3-year term. As part of the agreement, Atlas can convert the bond to W shares by issuing a conversion notice with the price set at 95% of the selected 3-day VWAP in the 15 days leading up to the issue of a conversion notice by Atlas.
The Atlas convertible bond facility is unsecured and subordinated to the
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.
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Alma PR Justine James T: +44 (0) 20 3405 0205 M: +44 (0) 7525 324431 |
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