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DJ Queros Capital Partners Plc Delayed announcement of Placing Bonds

 
TIDMQCP 
 
3 June 2019 
 
                          Queros Capital Partners PLC 
                          ("Queros" or "the Company") 
 
                     Delayed announcement of Placing Bonds 
 
On the 3 March 2018 the Directors of Queros Capital Partners Plc (NEX: QCP), 
placed with the Renell Bank GBP250,000 8% Unsecured Bonds due 2025 (the Bonds"), 
of GBP1 per unit nominal value (the "Placing Price") to provide liquidity for 
trades on the Frankfurt Exchange and to raise gross proceeds of GBP250,000 by a 
placing with their clients. 
 
The Placing proceeds were to be used to provide Bridging Finance to businesses 
operating in the UK, while the Company builds capital for the purchase of 
Social Housing Projects. 
 
To date the Company has only received proceeds from the sale of GBP128,303 of the 
Bonds.  Accordingly, it has commenced the cancellation of the issue of the 
balance, which represent GBP121,697 Bonds. 
 
The net proceeds received by the Company were GBP128,303. 
 
Unfortunately, due to an administrative error these shares were not admitted to 
trading on the NEX Exchange.  The Company will today apply for a further GBP 
128,303 Bonds to be listed and a further announcement will be made to confirm 
the date that this trading is approved. 
 
The Directors anticipate that the GBP128,303 New Bonds will be admitted to 
trading on NEX Exchange Growth Market under the ticker symbol QCP on 7 June 
2019. 
 
Following the Placing, the issued Bonds of the Company will increase to 
4,956,303 Bonds at par value GBP1. This figure may be used by Bondholders as the 
denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in, the 
bond capital of the Company under the Disclosure and Transparency Rules. 
 
Neither this announcement nor the information contained herein constitutes an 
offer or solicitation by Queros Capital Partners Plc for the purchase or sale 
of any securities nor does it constitute a solicitation to any person in any 
jurisdiction where solicitation would be unlawful. 
 
The directors of Queros Capital Partners Plc accept responsibility for this 
announcement. 
 
COMPANY CONTACT DETAILS: 
 
Marcel Boom, Chief Executive Officer 
Queros Capital Partners Plc 
1 - 3 High Street 
Tettenhall 
Wolverhampton 
West Midlands 
England 
WV6 8QS 
Telephone: +44 1293 401 293 
http://www.queroscapitalpartners.com/ 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

June 03, 2019 04:09 ET (08:09 GMT)