Real Good Food PLC's shares slump after terms for cash injection finalised

Diversified food company Real Good Food announced on Thursday that it has finalised the terms of funding arrangements with its three major shareholders. Shareholders Omnicane Limited and Napier Brown have provided £3.3m each in exchange for secured loan notes while a number of funds overseen by Downing LLP have agreed to provide at least £1.6m, with a possibility for a further £0.5m. The conversion price of the loan notes issued to the three shareholders is expected to be 5p, with Real Good ...

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