RNS Number : 0447Z
Intelligent Energy Holdings PLC
23 May 2016
23 May 2016
Intelligent Energy Holdings plc
("Intelligent Energy" or the "Company")
Completion of Fundraising and Notice of General Meeting
Subscription for convertible loan notes
On 17 May 2016, the Company announced a fundraising through the issuance of convertible loan notes ("Convertible Loan Notes"). The Company is pleased to announce today that it has completed its £30.0 million gross
fundraising through the successful subscription by qualifying investors for the Convertible Loan Notes (the "Fundraising").
Pursuant to the terms of the Fundraising, the Company's largest shareholder, Meditor, subscribed for £25,638,293 of
the Convertible Loan Notes. In accordance with the terms of the Subscription Agreement, certain other qualifying investors
elected to participate in the Fundraising and subscribed for £4,361,707 Convertible Loan Notes. The additional subscribers for
the Convertible Loan Notes included Evolution Placements Corporation (who have subscribed for £2,050,000 Convertible Loan Notes)
and Royalton Percy LLC (who have subscribed for £526,707 Convertible Loan Notes).
On the assumption that all of the Convertible Loan Notes held by Meditor are converted, no other Convertible Loan
Note holders exercise their conversion rights and the Reinvestment Shares are issued, Meditor would hold 69.3 per cent. of the
then issued share capital of the Company.
Publication of shareholder circular and Notice of General Meeting
Certain elements of the Fundraising are subject to the approval of Intelligent Energy shareholders and,
accordingly, a shareholder circular dated 23 May 2016 (the "Circular") has been submitted to the National
Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
The Circular contains a notice convening a general meeting to be held at 2.00 pm on 9 June 2016 at Barber-Surgeon's
Hall, Monkwell Square, Wood Street, London EC2Y 5BL. The Circular will also shortly be available to view or download in the
'Investor' pages of the Company's website, www.intelligent-energy.com/investors.
Printed copies of the Circular, together with a form of proxy in respect of the general meeting, are today being
posted to all shareholders.
Important notice related to financial adviser
Stifel Nicolaus Europe Limited ("Stifel"), which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting exclusively for the Company and no one else in connection with the matters
set out in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded
to clients of Stifel nor for providing advice in relation to the matters referred to herein. No liability whatsoever is accepted
by Stifel for the accuracy of any information or opinions contained in this announcement or for the omission of any material
information, for which it is not responsible.
Intelligent Energy Holdings
plc
+44(0) 1509 271 271
Dr Henri Winand, Chief Executive Officer
John Maguire, Chief Financial Officer
Stifel Nicolaus Europe
Limited
+44(0) 207 710 7600
Peter Lees
Stewart Wallace
Tulchan
Communications
+44(0) 207 353 4200
James Macey White
Matt Low
Nick Hennis
DEFINITIONS
"Meditor"
|
Meditor European Master Fund Limited
|
"Reinvestment"
|
the proposed subscription for the Reinvestment Shares by Meditor, at a subscription price of 8 pence per
Reinvestment Share
|
"Reinvestment Shares"
|
the 14,062,500 New Ordinary Shares to be allotted and issued pursuant to the
Reinvestment
|
"Takeover Panel"
|
the Panel on Takeovers and Mergers
|
This information is provided by RNS
The company news service from the London Stock Exchange
END
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