Related Party Transaction
Coppa Collective Plc has announced a related party transaction involving the reissuance of its Deep Discounted Bond with Friends Provident International Limited. The new bond, with a subscription amount of £3,000,000 and a nominal value of £3,120,329 including accrued interest, extends the redemption date from 14 July 2026 to 13 January 2027, while maintaining an 8% annual interest rate. This transaction is considered related due to the involvement of a director and substantial shareholder, Hugh Osmond, and the company's directors, after consulting with their Nominated Adviser, believe the terms are fair and reasonable for shareholders.
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Coppa Collective Plc (AIM:COPC) confirms that on 14 July 2026, its wholly owned subsidiary, Coppa Collection Property Holding Limited entered into an agreement to reissue its Deep Discounted Bond with Friends Provident International Limited ("FPI") ("New Deep Discounted Bond").
The principal purpose for issuing the New Deep Discounted Bond is to extend the redemption date from 14 July 2026 to 13 January 2027. The New Deep Discounted Bond has a subscription amount of £3,000,000 and the nominal value is £3,120,329 including accrued interest. All other terms of the New Deep Discounted Bond remain unchanged including the annual interest rate of 8%. The New Deep Discounted Bond is secured against the Company's freehold property in Cobham.
Related Party Transaction
FPI operates on an execution only basis on the sole instruction of Hugh Osmond, a director and substantial shareholder of the Company so accordingly the issue of the New Deep Discounted Bond is deemed to be a related party transaction pursuant to AIM Rule 13 of the AIM Rule for Companies. The Company's directors (excluding Hugh Osmond and Tiffany Sword, who are indirectly interested in this transaction) consider, having consulted with Coppa Collective' Nominated Adviser, Zeus Capital Limited, that the terms of the New Deep Discounted Bond are fair and reasonable insofar as the shareholders of the Company are concerned.
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