PipeHawk Extends Loan Repayment, Corrects Errors
Company Announcements

PipeHawk Extends Loan Repayment, Corrects Errors

Pipehawk (GB:PIP) has released an update.

PipeHawk PLC has announced an extension to the repayment date of their £1.0 million convertible unsecured loan stock (CULS), initially issued to Chairman Gordon Watt, from August 2022 to August 2026 with a conversion price fixed at 5 pence per share. The company corrected previous clerical errors in financial statements that incorrectly listed the conversion price at 3 pence. This latest amendment was deemed a related party transaction and, upon consultation with the company’s nominated adviser, was considered fair to shareholders.

For further insights into GB:PIP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskPipeHawk Relocates to New Registered Office
TipRanks UK Auto-Generated NewsdeskPipeHawk PLC Subsidiary Faces Administration
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App