CAY.L Regulatory News (CAY)

26 Mar 2007 14:44

Charles Stanley Group PLC26 March 2007 Conversion of Securities The Directors of Charles Stanley Group Plc (the "Company") announce that theyhave received notice of a conversion in respect of convertible loan notes (the"Notes") of £329,004. The notes were issued on 26th November 2004 as part of theconsideration for the acquisition of the issued share capital of SutherlandsGroup Ltd, as per the announcement dated 26th November 2004. The conversionprice of the Notes was 248.7p per share and so the Company will issue and allot132,290 new ordinary shares on 2nd April 2007, conditional upon admission to theOfficial List of the UK Listing Authority. Accordingly, application has been made to the UK Listing Authority for these newordinary shares to be admitted to the Official List and to the London StockExchange for trading. The new ordinary shares rank pari passu with the existingissued shares of the Company and admission and dealings are expected to commenceon 2nd April 2007. Following admission the Company will have 42,502,485 ordinaryshares in issue and £351,270 Notes. This information is provided by RNS The company news service from the London Stock Exchange