February 13, 2026
MPC Caribbean Clean Energy Limited (MPCCEL) has advised that on February 12, 2026, following discussions with RBC Trust (Trinidad & Tobago) Limited (RBC), the Board of Directors approved the Company entering into an agreement with RBC to effect the early maturity of the US$10,000,000 Convertible Promissory Note (the Note) held by RBC, upon which such Note shall automatically convert into 10,000,000 Class B Shares of the Company (the New Shares) in accordance with the terms of the Note and as set out in the agreement, subject to any regulatory approvals. MPCCEL has further advised that upon conversion of the Note, the total issued and outstanding share capital of the Company in respect of Class B shares will increase from 26,944,861 to 36,944,861, this increase will result in RBC holding approximately 27% of the outstanding shares of the Company. Following same, the Company intends to apply to list the New Shares on the Trinidad and Tobago Stock Exchange and the Jamaica Stock Exchange.
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