Cleantech Building Materials: LOAN FACILITY DEBT CONVERSION AND ISSUE OF NEW SHARES
DEBT CONVERSION AND ISSUE OF NEW SHARES
Cleantech Building Materials PLC ("CBM" or the "Company") announces that the Company has reached an agreement with its loan provider, as disclosed in the CBM Company Description published on 20 December 2016, to convert €1,567,995.34 of outstanding debt into 3,763,188 new ordinary shares of £0.10 nominal par value each in the Company ("Ordinary Shares"), and, in accordance with the provisions of the loan agreement, for the new Ordinary Shares to be issued to a number of parties (the "Conversion"). No such party will hold 5% or more of the Company's issued share capital. The Company will apply for the 3,763,188 new Ordinary Shares to be admitted to trading on the Exchange.