From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Malvern International – placing to redeem loan notes…and what of the other liabilities?

By Steve Moore | Thursday 10 November 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Learning and skills development programmes company Malvern International (MLVN) has announced a placing “principally to redeem the final tranche of company's outstanding loan notes” and that “the holder has agreed that the outstanding principal of the loan notes may be redeemed at a five per cent. discount. In addition, the holder has agreed to sell all the ordinary shares he holds in the ordinary share capital of the company, amounting to 917,600 ordinary shares at the placing price”. So what of this currently helping the shares more than 15% higher to 9.5p?

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 12:42:31