Clean Invest Africa Plc Issue of Convertible Loan Notes

 
TIDMCIA 
 
Certain information contained in this announcement would have been deemed inside 
information for the purposes of Article 7 of Regulation (EU) No 596/2014 until 
the release of this announcement. 
 
28 November 2023 
 
Clean Invest Africa plc 
 
("Clean Invest Africa" or the "Company") 
 
Issue of Convertible Loan Notes 
 
Clean Invest Africa Plc (AQSE: CIA), the Aquis Growth Market quoted clean 
technology and renewable energy investment company, is pleased to announce that 
it has issued unsecured convertible loan notes for a total of £127,066 (the 
"CLNs"). The CLNs have an annual interest coupon rate of 8%, payable either in 
cash or in ordinary shares of the Company at sole discretion of the Investors, 
on a six month basis, at a conversion rate of 0.35 pence per share. The CLNs 
principal amount matures on 31[st] December 2024 and are convertible then at the 
option of the holder into 36,304,571 ordinary shares of 0.25p each in the 
Company ("Ordinary Shares") at a price of 0.35 pence per share. Both the CLNs 
and the coupon also carry the equivalent of one Warrants for every two Ordinary 
Share resulting from the conversions each with an exercise price of 1p and valid 
for a period of 3 years from grant. 
 
The CLNs have been raised through Bahrain Energy Services WLL, an entity 
controlled equally by Non-Executive Chairman, Shaikh Mohamed Abdulla Khalifa 
Alkhalifa and Chief Executive Officer Filippo Fantechi. 
 
The funds raised as a result of the issue of the CLNs will be used to provide 
additional working capital for the Company. 
 
Filippo Fantechi, Chief Executive Officer & Director of Clean Invest Africa plc 
and CEO of CoalTech Limited, commented "By participating in this fund raising 
the investors have shown their confidence in the Company. The operating 
business, CoalTech Limited, continues to have bright prospects particularly 
through international expansion and we will update shareholders as events 
unfold." 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
ENQUIRIES: 
 
Company 
 
Clean Invest Africa PLC 
 
Filippo Fantechi, Director 
 
Telephone: +973 3969 6273 
 
Corporate Adviser 
 
Peterhouse Capital Limited 
 
Guy Miller/Mark Anwyl 
 
Telephone: 020 7220 9795 
 
Notification and 
public 
disclosure of 
transactions by 
persons 
discharging 
managerial 
responsibilities 
and persons 
closely 
associated with 
them. 
1   Details of the person discharging 
    managerial responsibilities / person 
    closely associated 
a)  Name                                Shaikh Mohamed 
                                        Abdulla Khalifa 
                                        Alkhalifa 
2   Reason for the notification 
a)  Position/status                     Non-executive 
                                        Chairman of Clean 
                                        Invest Africa, Plc 
b)  Initial notification /Amendment     Initial 
3   Details of the issuer, emission 
    allowance market participant, auction 
    platform, auctioneer or auction monitor 
a)  Name                                Clean Invest Africa, 
                                        Plc 
b)  LEI                                 21380018O4YRPUEJUS57 
4   Details of the transaction(s): section 
    to be repeated for (i) each type of 
    instrument; (ii) each type of 
    transaction; (iii) each date; and (iv) 
    each place where transactions have been 
    conducted 
a)  Description of the financial        Ordinary Shares of 
    instrument, type of                 0.25 pence eachISIN: 
    instrumentIdentification code             GB00BF52QX07 
b)  Nature of the transaction           Capital Raise via 
                                        CLNs 
c)  Price(s) and volume(s)              Convertible Loan 
                                        Notes into 
                                        18,152,286 Ordinary 
                                        Shares at 0.35 pence 
                                        per share 
d)  Aggregated information- Aggregated  N/A (single 
    volume- Price                       transaction) 
e)  Date of the transaction             24 November 2023 
f)  Place of the transaction            AQSE Growth Market 
 
Notification and 
public 
disclosure of 
transactions by 
persons 
discharging 
managerial 
responsibilities 
and persons 
closely 
associated with 
them. 
1   Details of the person discharging 
    managerial responsibilities / person 
    closely associated 
a)  Name                                Filippo Fantechi 
2   Reason for the notification 
a)  Position/status                     Director of Clean 
                                        Invest Africa, Plc 
b)  Initial notification /Amendment     Initial 
3   Details of the issuer, emission 
    allowance market participant, auction 
    platform, auctioneer or auction monitor 
a)  Name                                Clean Invest Africa, 
                                        Plc 
b)  LEI                                 21380018O4YRPUEJUS57 
4   Details of the transaction(s): section 
    to be repeated for (i) each type of 
    instrument; (ii) each type of 
    transaction; (iii) each date; and (iv) 
    each place where transactions have been 
    conducted 
a)  Description of the financial        Ordinary Shares of 
    instrument, type of                 0.25 pence eachISIN: 
    instrumentIdentification code             GB00BF52QX07 
b)  Nature of the transaction           Capital Raise 
c)  Price(s) and volume(s)              Convertible Loan 
                                        Notes into 
                                        18,152,285 Ordinary 
                                        Shares at 0.35 pence 
                                        per share 
d)  Aggregated information- Aggregated  N/A (single 
    volume- Price                       transaction) 
e)  Date of the transaction             24 November 2023 
f)  Place of the transaction            AQSE Growth Market 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END
(END) Dow Jones Newswires
November 28, 2023 04:15 ET (09:15 GMT)
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