IN BRIEF: B90 Holdings raises GBP540,000 via convertible loan notes

B90 Holdings PLC, an online marketing company located in Isle of Man - Raises GBP540,000 via subscriptions to convertible loan notes from existing investors. The term of the loan notes is three years. They can be converted no earlier than January 1, 2024. They can be converted at a 10% discount on the average price of the five trading days preceding the conversion notice. They offer a 10% coupon per year until then. B90 claims that the money will be used for growth and general working capital purposes. Ronny Breivik, Executive Chair: "Since I was appointed, we have made operational improvements and implemented restructuring initiatives that will significantly lower overhead costs into 2023. 12-month change: 74% down by Sophie Rose, Alliance News reporter. Comments and questions to EMAIL Copyright 2022 Alliance News Ltd.