CLN Conversion
Shore Capital converted £37,500 of loan notes into 150,000 ordinary shares at 25p per share.
- CLN principal converted £37,500
- Conversion price 25p per share
- New ordinary shares issued 150,000
- Total voting rights post-admission 20,300,000
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Aterian plc (LSE: ATN), the Africa-focused critical minerals exploration, development and trading company, announces that it has received a conversion notice dated 20 October 2026 in respect of £37,500 principal amount of the Company’s outstanding zero-coupon convertible loan notes (the “CLNs”). The CLNs were subscribed for under a subscription agreement dated 16 September 2026.
Pursuant to the conversion notice and the terms of the CLNs, the Company will issue 150,000 new ordinary shares of 10 pence each in the capital of the Company (“Ordinary Shares”) at a conversion price of 25 pence per Ordinary Share (the “Conversion Shares”).
The Conversion Shares will rank pari passu in all respects with the Company’s existing Ordinary Shares. On conversion becoming effective, £37,500 of outstanding CLN principal will be discharged. The conversion will not generate any new cash proceeds for the Company.
Application will be made for the Conversion Shares to be admitted to trading on the Main Market of the London Stock Exchange (“Admission”). Admission is expected to become effective on or around 26 October 2026.
Total Voting Rights
Following Admission, the Company will have 20,300,000 Ordinary Shares in issue, each carrying one voting right. The Company does not hold any Ordinary Shares in treasury.
Accordingly, the total number of voting rights in the Company following Admission will be 20,300,000. Shareholders may use this figure as the denominator for calculations by which they determine whether they are required to notify their interest in, or change to their interest in, the Company’s share capital under the FCA’s Disclosure Guidance and Transparency Rules.
ENDS –
For further information, please visit the Company’s website: www.aterianplc.com or contact:
Aterian Plc:
Charles Bray, Executive Chairman - charles.bray@aterianplc.com
Simon Rollason, Director – simon.rollason@aterianplc.com
Financial Adviser and Joint Broker:
AlbR Capital Limited
David Coffman / Dan Harris
Colin Rowbury
Joint Broker:
SP Angel Corporate Finance LLP
Ewan Leggat / Devik Mehta
Financial PR:
Bald Voodoo - ben@baldvoodoo.com
Ben Kilbey
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.