Titania Internet Ventures plc
LSE : TITP

November 27, 2015 12:17 ET

Appointment of New Corporate Advisor and Issue of Convertible Loan Notes

              APPOINTMENT OF NEW CORPORATE ADVISOR AND ISSUE OF CONVERTIBLE LOAN NOTES

                                   TITANIA INTERNET VENTURES PLC
                                    ("Titania" or "the Company")

Change of Advisor

The  Board  of Titania Internet Ventures Plc is pleased to announce that it has appointed  Alexander
David Securities Ltd as its ISDX corporate advisor. 

Alexander  David  Securities  replaces SVS Securities as the Company's ISDX corporate  advisor.  The
Company  would like to thank SVS Securities for all their help during their time as  ISDX advisor to
the Company.

Issue of Convertible Loan Notes 

Titania  today announces that it has raised GBP 25,200 by way of the issue of Convertible  Unsecured
Loan Notes 2020 ("Loan Notes"). 

The  issue  of the Loan Notes has not been underwritten but the Company has received an  irrevocable
private placement from the investor. 

The Principal terms of the Loan Notes are: 

* Conversion - the Loan Notes are convertible into ordinary shares of 0.1p in the Company ("Ordinary
Shares") (subject  to  the capital reorganisation referred to above) at a conversion price  of 0.56p
per  share,  subject to a limitation to prevent any noteholder from having  an  interest  (following
conversion) in 30% or more of the voting rights in Titania,  either alone or taking into account the
interests  of any person(s) acting in concert or deemed to be acting in concert (as defined  in  the
City Code on Takeovers and Mergers) with the noteholder. 

* Repayment - the Loan Notes are repayable at par on 30 November 2020. 

* Interest - the Loan Notes do not carry interest. 

The Directors of the Company accept responsibility for this announcement. 


                                              --ENDS--


Enquiries: 

TITANIA INTERNET VENTURES PLC 

Pasi Marjanen 

Tel: +44 (0)20 3289 7145

pasi.marjanen@titaniaplc.com 

Alexander David Securities Ltd - ISDX Corporate Adviser 

David Scott

Tel: +44 (0)20 7448 9820 
David.scott@ad-securities.com 

Contact Information

  • Titania Internet Ventures plc