Clean Invest Africa
Plc
(“CIA” or the
“Company")
Outstanding GBP 551,032 Loan Facility Agreement fully
converted to equity at 0.35p per
share
Shares in lieu of
directors fees
Directors Holding in
Company
Clean Invest Africa Plc
(Aquis: “CIA”) is pleased to announce that it has successfully
renegotiated an outstanding Loan Facility greement with Contax
Partners Inc. (beneficially owned by Filippo Fantechi) (“Lender”) with an outstanding
balance of US$707,249 (approximately
GBP
551,032).
The Company and the Lender
have agreed as follows:
-
That the entire debt of
GBP 551,032 currently owed to the
Lender be immediately converted into 157,437,729 Ordinary Shares of
the Company at a price of 0.35 pence
per share (“Conversion
Shares”).
-
All Conversion Shares will
be immediately subject to a 12-month lock-in period and thereafter
subject to an orderly market agreement for a further period of 12
months.
In addition, the Company
has agreed to issue the following directors with Ordinary Shares in
lieu of directors fees, at 0.35 pence
per share:
-
46,285,714 new Ordinary
Shares to Shk Mohamed Abdulla Khalifa alKhalifa, equal to
GBP162,000, covering the period from
January 2020 to June
2024.
-
10,285,714 new Ordinary
Shares to Filippo Fantechi, equal to
GBP36,000, covering the period
July 2023 to June
2024.
-
8,571,429 new Ordinary
shares to Pascal Olivier Portmann,
equal to GBP30,000, covering the
period September 2023 to June
2024.
Application has been made
for the new ordinary shares to trading on the Aquis Growth Market
and this is expected to occur on or around 9
August 2024.
Following conversion of
the Conversion Shares and issue of Ordinary Shares to directors,
the Directors will hold:
Director |
Ordinary
Shares |
% of Enlarged Share
Capital |
Shaik Mohamed Abdulla
Khalifa AlKhalifa |
607,070,773 |
26.52 |
Contax Partners
Inc. |
605,246,650 |
26.44 |
Filippo
Fantechi |
44,443,082 |
1.94 |
Pascal Olivier
Portmann |
29,241,429 |
1.28 |
Total Voting
Rights
Following the issue of the
157,437,729 new ordinary shares to the Lender, the issue of
65,142,857 new Ordinary Shares to the directors in lieu of
directors fees, the Company will have 2,288,958,378 Ordinary Shares
of 0.25 pence each in issue, which
also represents the total number of voting rights in the Company.
This figure should be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency
Rules.
CIA Chief Executive
Officer Filippo Fantechi remarked
that: “these agreements announced today show the increasing
confidence in our Company prospects, the commitment of the main
shareholders, substantially enhance the Company’s balance sheet and
I hope that this confidence is shared by all shareholders as we
re-position the Company and look to the future
opportunities.”
The Directors of the
Company accept responsibility for the content of this
announcement.
ENQUIRIES: |
|
Clean Invest
Africa Plc Filippo Fantechi (Executive
Director) Shaikh Mohamed Abdulla Khalifa AlKhalifa
(Non-Executive Chairman) |
+973 3969 6273+973 3969 2299 |
Peterhouse Capital
Limited (Aquis Corporate Adviser) |
+44 20 7469 0930 |
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: |
Executive Director |
b) |
Initial
notification/Amendment: |
Initial
notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name: |
Clean Invest Africa
plc |
b) |
LEI: |
213800WAVVOPS85N2205 |
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 instrument, type of
instrument:
Identification code: |
Ordinary shares of 0.25 pence
each
|
b) |
Nature of the
transaction: |
Conversion of loan to
shares. |
c) |
Price(s) and
volume(s): |
Issue of shares
Price(s) |
Volume(s) |
0.35p |
157,437,729 |
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
d) |
Aggregated information:
Aggregated volume:
Price: |
Single transaction as in 4 c)
aboveIssue of shares
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
|
|
e) |
Date of the
transaction: |
5 August 2024 |
f) |
Place of the
transaction: |
Aquis Growth
Market |
__________________________________________________________________________________
1. |
Details of the person discharging managerial
responsibilities/person closely
associated |
a) |
Name: |
Filippo Fantechi |
2. |
Reason for the
notification |
a) |
Position/status: |
Executive Director |
b) |
Initial
notification/Amendment: |
Initial
notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name: |
Clean Invest Africa
plc |
b) |
LEI: |
213800WAVVOPS85N2205 |
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 instrument, type of
instrument:
Identification code: |
Ordinary shares of 0.25 pence
each
|
b) |
Nature of the
transaction: |
Conversion of director fees to
shares. |
c) |
Price(s) and
volume(s): |
Issue of shares
Price(s) |
Volume(s) |
0.35p |
10,285,714 |
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
d) |
Aggregated information:
Aggregated volume:
Price: |
Single transaction as in 4 c)
aboveIssue of shares
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
e) |
Date of the
transaction: |
5 August 2024 |
f) |
Place of the
transaction: |
Aquis Growth
Market |
__________________________________________________________________________________
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 |
b) |
Initial
notification/Amendment: |
Initial
notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name: |
Clean Invest Africa
plc |
b) |
LEI: |
213800WAVVOPS85N2205 |
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 instrument, type of
instrument:
Identification code: |
Ordinary shares of 0.25 pence
each
|
b) |
Nature of the
transaction: |
Conversion of director fees to
shares |
c) |
Price(s) and
volume(s): |
Issue of shares
Price(s) |
Volume(s) |
0.35p |
46,285,714 |
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
|
|
d) |
Aggregated information:
Aggregated volume:
Price: |
Single transaction as in 4 c)
aboveIssue of shares
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
|
|
e) |
Date of the
transaction: |
5 August 2024 |
f) |
Place of the
transaction: |
Aquis Growth
Market |
__________________________________________________________________________________
1. |
Details of the person discharging managerial
responsibilities/person closely
associated |
a) |
Name: |
Pascal Olivier
Portmann |
2. |
Reason for the
notification |
a) |
Position/status: |
Non-Executive
Director |
b) |
Initial
notification/Amendment: |
Initial
notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
a) |
Name: |
Clean Invest Africa
plc |
b) |
LEI: |
213800WAVVOPS85N2205 |
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 instrument, type of
instrument:
Identification code: |
Ordinary shares of 0.25 pence
each
|
b) |
Nature of the
transaction: |
Conversion of director fees to
shares |
c) |
Price(s) and
volume(s): |
Issue of shares
Price(s) |
Volume(s) |
0.35p |
8,571,429 |
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
|
|
d) |
Aggregated information:
Aggregated volume:
Price: |
Single transaction as in 4 c)
aboveIssue of shares
Issue of warrants
Price(s) |
Volume(s) |
N/A |
N/A |
|
|
|
|
|
e) |
Date of the
transaction: |
5 August 2024 |
f) |
Place of the
transaction: |
Aquis Growth
Market |