8 October 2015

LIMITLESS EARTH PLC
(“Limitless” or the “Company”)
Investment in Medical Diagnostics

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5 April 2017

LIMITLESS EARTH PLC
(“Limitless” or the “Company”)
Conversion of Investment in V-Nova International Ltd

Limitless, an AIM quoted investing company, is pleased to announce that it has agreed to convert its investment in V-Nova International Ltd (“V-Nova”).

On 18 December 2015, the Company invested £500,000 in V-Nova, a London based leading provider of signal and data compression solutions, in a convertible loan note. Under the terms of the convertible loan agreement, the Company was granted the right to exercise at a predetermined  early conversion price into Series B1 Participating shares.

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The Board of LME decided to convert the loan note in V-Nova following V-Nova’s recent public announcements which include, inter alia, Eutelstat, the biggest European Satellite operator, becoming a minority shareholder in the company, Thaicom selecting the company’s technology for their UHD services and the rate of growth of the fastfilmz business in India. Further, LME was satisfied with V-Nova’s business plan and its execution to-date and the continued expansion of its patent portfolio and IP protection which provides Limitless with confidence in V-Nova’s market traction.

 

 “Because we are satisfied that V-Nova is progressing in line with its initial business plan, we made the decision to convert our loan into V-Nova shares at a predetermined early conversion price. Above all, we are encourage that leading Telecoms institutions have selected V-Nova’s. Our investment is in a company that, in our opinion, has great potential and importantly a highly skilled and experienced management team”

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For further information, please contact:

Pacific Global Holdings +44 7780 700 091

Edgar Hernandez www.pacificglobalholdingsplc.com

Cairn Financial Advisers PGH+44 20 7148 7900

Nominated Adviserwww.cairnfin.com

Jo Turner/Tony Rawlinson

Peterhouse Corporate Finance Limited+44 20 7469 0930

Brokerwww.pcorpfin.com

Peter Greensmith/Charles Goodfellow

 

About Pacific Global Holdings plc
Pacific Global Holdings plc is a proactive investing company that focuses on making investments in and assisting companies which exhibit the potential to generate returns through capital appreciation. As at 31 January 2015, had cash reserves of approximately £2.7 million. Pacific invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth linked to demographic change. Examples of such sectors include cleantech, life sciences, nanotech, medtech, recycling, and new internet opportunities.

Latest News and Press releases about V-Nova International (3 months and 6 months)

(27/04/2016) V-Nova and Sky in Italy win NAB Best of Show Award for game-changing Full HD IPTV upgrade
(18/04/2016) Game-changing performance of V-Nova PERSEUS™ video compression validated by independent research
(12/04/2016) Eutelsat deploys V-Nova PERSEUS
(07/04/2016) FastFilmz provides OTT over 2G in India
V-Nova Preps UHD/4K Silicon IP for Licensing
The merger of BT and EE will also benefit from V-Nova Technology
Delivering 4K without infrastructure investments

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