McLaren Issues £150 Million Shares in return of NBB Loan
2020-08-28 - 11:38 p
Bahrain Mirror: McLaren's half-year financial statements showed that 653,651 shares were issued at £229.48 per share, with a total value of £150 million, in return of a loan from the National Bank of Bahrain. McLaren recorded the value of the loan in the company's equity clause.
The National Bank of Bahrain announced in June that it had received all the necessary approvals to grant a £150 million Bridge Loan to McLaren for 12 months.