10/09/2018 | Press release | Distributed by Public on 10/09/2018 03:55
Angelfish Investments plc ('Angelfish' or 'the Company')
Additional Update on Investment
Further to the announcements of 22 December 2017 and 3 April 2018, the Directors of Angelfish are pleased to provide the following update on its investment in One Media Enterprises Limited ('OME') which was acquired by OneLife Technologies Corp. ('OneLife') a public company listed on the OTC:US with a ticker symbol 'OLMM'.
Angelfish has agreed to reschedule the cash payment due of USD1,000,000 plus interest thereon at 1% per month, such that it will now be paid in monthly instalments commencing in December 2018 with the final payment expected in September 2020 (the 'Rescheduled Instalments'). This revised payment schedule is intended to enable OneLife to continue its business development so as to result in a positive outcome for both OneLife and Angelfish.
In conjunction with the Rescheduled Instalments, OneLife has entered into a securities purchase agreement (the 'Securities Agreement') with Angelfish. The Securities Agreement provides that in the event that any of the Rescheduled Instalments are not made within 10 business days of their due payment date, then Angelfish shall be entitled to be issued such number of shares of Common Stock in One Life as may be necessary to realise a net amount (after all reasonable expenses) equal to the missed payment.
This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of the Company take responsibility for this announcement.
Angelfish Investments Plc +44 (0)7769 591096
Cairn Financial Advisers LLP +44 (0)207 213 0880
NEX Exchange Corporate Adviser
David Coffman / Richard Nash
About Angelfish Investments plc
The Company's Ordinary Shares and Preference Shares are admitted to trading on the NEX Exchange Growth Market in London. The Company has the trading symbol ANGP for its Ordinary Shares and the trading symbol ANGS for its Preferences Shares.