Staminier Limited (“Staminier” or “the Company”) Issues Convertible Loan Notes in Exchange for Berkshire Hathaway Shares. Article Comments (0) free breaking news Alerts from.
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The Board of Staminier is pleased to announce that it has constituted and issued 275,000 of new 10-year 7.28% convertible redeemable loan notes ("Loan Notes") in exchange for 1,685 Berkshire.
About Staminier: Staminier has been established to act as an aggregator – acquiring businesses and assets at what the Company believes to be a discount to their intrinsic value, and to then benefit from scale: both by sharing resources between group companies but also by achieving sufficient scale to list the Company’s shares on the capital markets with sufficient liquidity to ensure that Staminier stock.
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LONDON–(BUSINESS WIRE)–Further to Staminier’s announcement of 22 nd May 2019 in relation to the issuing of Staminier Convertible loan notes in exchange for Berkshire Hathaway shares. 41 Ltd.
The Board of Staminier is pleased to announce that it has constituted and issued £275,000 of new 10-year 7.28% convertible redeemable loan notes (“Loan Notes”) in exchange for 1,685 Berkshire Hathaway Class B common stock. The Loan Notes are convertible into new Staminier ordinary shares.
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Further to our recent announcement (available at https://staminier.com/wp-content/uploads/2019/04/Berkshire-Hathaway-Announcement.pdf), the board of Staminier Limited (“Staminier” or “the Company.
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The Loan Notes are convertible into new Staminier ordinary shares of £0.05 each ("Staminier Shares") at a conversion price of £0.18 per Staminier Share if converted within the first year of issue, with the conversion price rising by £0.01 per annum thereafter, such that £295,466 of Loan Notes converted on or before 30th April 2020 would result in the issue of 1,641,478 new Staminier Shares.
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· The Loan Notes are convertible into new Staminier ordinary shares of £0.05 each (“Staminier Shares”) at a conversion price of £0.18 per Staminier Share if converted within the first year of issue, with the conversion price rising by £0.01 per annum thereafter, such that £295,466 of Loan Notes converted on or before 30th April 2020 would.
Staminier Acquires Second Tranche of Berkshire Hathaway Shares.. of 295,466 of staminier 10 year 2.5% convertible loan notes. scale to list the Company’s shares on the capital markets with.
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