Cleantech Building Materials: Loan Facility, Debt Conversion & Issue of New Shares

3 May 2019

CLEANTECH BUILDING MATERIALS PLC, NASDAQ FIRST NORTH, COPENHAGEN

TICKER:  CBM
ISIN:  GBOOBVIVRR47

CLEANTECH BUILDING MATERIALS PLC

LOAN FACILITY, DEBT CONVERSION AND ISSUE OF NEW SHARES

Cleantech Building Materials PLC (“CBM” or the “Company”) announces that the Company has reached an agreement with its loan provider, as disclosed in the CBM Company Description published on 20 December 2016, to convert €10,098,576 of outstanding debt into 24,236,583 new ordinary shares of £0.10 each in the Company, and in accordance with the provisions of the loan agreement, for the shares to be issued to a number of parties. No such party will hold 5% or more of the Company’s issued share capital.  

The Company will apply for the 24,236,583 new ordinary shares to be admitted to trading on the Exchange. Following this conversion, the issued share capital of the Company will be 60,735,290 ordinary shares of £0.10 each.

THE DIRECTORS OF CLEANTECH BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

Further information may be found at the Company's website at www.cbm-plc.com

Further Enquiries:

The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014.