Quarterly Update Q3 2017
During the third quarter of 2017 the Company achieved an important milestone in its growth. On 4 September, the Company issued £20.09mn of convertible unsecured loan stock (CULS) with a coupon of 3.5% per annum, a conversion premium of 10% and a maturity of 7 years. This CULS issue provides the Company with attractive long-term financing and we welcome our new stakeholders in the Company.