XP Factory announces that it has received a Noteholder Notice of Conversion in relation to all of its outstanding Convertible Loan Notes (“Notes”) together with all accrued interest. £340,000 Notes were issued by the Company on 2 July 2020 as part of the £4.3 million fundraising completed at that time and accrue interest at 10 per cent. per annum. In accordance with the terms of the Notes, the conversion price is 9p per share and the conversion of the principal amount of the Notes, together with accrued interest, will result in the issue by the Company of 4,378,082 new XP Factory shares (“New Ordinary Shares”) on 2 February 2022.
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