First Sentinel redeems some of its green finance preference shares

By Rebecca Melvin

Concord, N.H., June 15 – First Sentinel plc said it has redeemed 2,000 of its green finance preference shares, including 1,980 loan notes and 20 preference shares, according to a notice published by the London Stock Exchange.

A redemption price of £2,000 plus accrued interest was paid in full. The equity portion of the green preference shares has now been canceled, leaving 394,000 shares outstanding.

The company announced on Nov. 18, 2018 that it intended to issue up to £7 million of the green finance preference shares to be admitted to trading on the Aquis Stock Exchange Growth Market. The shares consist of a £0.99 loan note and preference shares of £0.01 each.

The alternative investment company is based in London.

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