Accéntuate Limited (JSE:ACE) announced that it has entered into subordinated convertible loan agreements with existing investors Pruta Securities (Jersey) Limited, Jacana Assets Limited, Trustee Board Investments (pty) Ltd., and Frederick Cornelius Platt, Chief Executive Officer for gross proceeds of ZAR 4,100,000 on March 29, 2019. Pruta Securities (Jersey) Limited and Jacana Assets Limited invested ZAR 1,500,000 each currently holds 8.61% and 9.72% stake respectively, Frederick Cornelius Platt invested ZAR 1,000,000 currently holds 5.19% stake, and Trustee Board Investments (pty) Ltd. invested ZAR 100,000 currently holds 28.92% stake. The loans are convertible into maximum of 16,666,667 common shares at fixed conversion price of ZAR 0.30 per share. The investors also have an option to convert their loans into ordinary shares at the corporate event price per share less a 15% discount thereon. The notes will matures in 24 months. The company has pledged the shares of Floorworx Africa Proprietary Limited and Safic Proprietary Limited as collateral security. The conversion right is subject to shareholder's approval.