Clean Invest Africa Plc

Net Asset Value • Oct 28, 2020

National Storage Mechanism | Additional information

Clean Invest Africa Plc - Issue of Convertible Loan Notes

PR Newswire

London, October 27

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 October 2020 

Clean Invest Africa plc ("Clean Invest Africa" or the "Company")

Issue of Convertible Loan Notes

Clean Invest Africa Plc (AQSE: CIA), the AQUIS Exchange quoted clean technology and renewable energy investment company, is pleased to announce that it has issued unsecured convertible loan notes for a total of £155,000 (the “CLNs”). The CLNs have an annual cash coupon of 8% payable semi-annually, mature on 31st December 2022 and are convertible then at the option of the holder into 7,750,000 ordinary shares of 0.25p each in the Company ("Shares") at a price of 2.00 pence per share. 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 Group, commented "By participating in this fund raising the investors have shown their confidence in the Company. The operating business, CoalTech Group, 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