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LONDON - Iconic Labs PLC (LSE:ICON), a media and technology company, has announced the conversion of a convertible note into shares by investor David Sefton. Today, the company received a Conversion Notice for the conversion of one Convertible Note into 195,312 ordinary shares at a price of GBP 0.0256 per share, totaling an aggregate principal amount of £5,000.
The new shares are expected to be admitted to trading on the London Stock Exchange (LON:LSEG)’s Main Market on or around June 3, 2025. Following this conversion, the total issued ordinary share capital of Iconic Labs will be 11,356,795 Ordinary Shares. These shares will be ranked pari passu with the existing Ordinary Shares of the company.
Shareholders are advised that the figure of 11,356,795 represents the total voting rights in Iconic Labs. This number should be used as the denominator for calculations to determine if shareholders are required to notify their interest in, or a change to their interest in, the company under the Financial Conduct Authority’s Disclosure Guidance & Transparency Rules.
The announcement is made in compliance with the Market Abuse Regulation (EU) 596/2014 as it is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. It contains inside information for the purposes of Article 7 of this regulation and is disclosed in accordance with the company’s obligations under Article 17 of the Market Abuse Regulation.
This conversion event comes as part of the company’s financial arrangements with its investors and represents a change in the share structure that could be of interest to current and potential shareholders. The information provided in this article is based on a press release statement from Iconic Labs PLC.
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