Bluebird Merchant Ventures Ltd (the “Company”) (EPIC:BMV) announces that following the Company’s board authorisation committee meeting held on 6th April 2016 the issue and allotment, conditional on the admission of the Company’s issued and to be issued shares to the Official List of the UKLA by way of standard listing and to trading on the Main Market for listed securities of the London Stock Exchange plc (the “Admission”), of 10,349,923, new ordinary shares of the Company with no par value has been approved. Of this figure, 5,757,924 shares, representing 3.11% were issued to Vistra Trust (Singapore) Pte. Limited (“Vistra”) pursuant to the convertible loan agreement with the Company. Colin Paterson, who is an Executive Director of Bluebird Merchant Ventures Ltd is the sole beneficiary of the Sub Fund 283 of IS&P (Singapore) Retirement Fund for which Vistra is a trustee.
Additionally, 5,757,924 warrants exercisable at the Placing Price were issued to Vistra Trust (Singapore) Pte. Limited pursuant to the convertible loan agreement with the Company.