Feb 2026 Financial News

MPC Caribbean Clean Energy Limited - Notice of Material Change - Early Maturity of Convertible Promissory Note

Feb 18, 2026

Material Change – Notice of early maturity of the Convertible Promissory Note

On February 12th 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 Ten Million (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. 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, which 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.


 

Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 18th February 2026