15 Jul 2016 10:23
15 July 2016
APC Technology Group PLC
("APC" or the "Group")
Conversion of loan notes and issue of shares
APC Technology Group plc (AIM: APC), the provider of technologies and services intended to help improve organisational sustainability and the specialist distributor of electronic components, announces that it has issued 588,235 Ordinary Shares of 2p in respect of the conversion of £50,000 loan notes held by Mr Robert Holt at a conversion price of 8.5 pence per share. In addition it will issue 461,760 Ordinary Shares of 2p to Mr Holt at a price of 8.5p for cash of £39,250.
Application will be made to the London Stock Exchange for the shares to be admitted to trading on AIM and it is expected that such Admission will occur at 8.00 a.m. on 21 July 2016. Following Admission, the Company will have 113,929,777 Ordinary Shares in issue, none of which will be held in treasury. Therefore the total number of ordinary shares in the Company with voting rights will be 113,929,777. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Post this issue Mr Holt will hold 3,450,000 shares in the Group which represents 3% of the issued shares.
Enquiries:
APC Technology Group PLC | +44 (0) 330 313 3220 |
Leonard Seelig, Chairman Richard Hodgson, Chief Executive
| www.apc-plc.co.uk |
Stockdale Securities Limited (Nominated Advisor and Broker) | 020 7601 6100 |
Mark Brown / Antonio Bossi
| |
Redleaf Communications (Financial PR) | 020 7382 4730 |
Rebecca Sanders-Hewett / David Ison / Susie Hudson | |