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Loan Conversion

18 Feb 2010 16:01

RNS Number : 3665H
Daniel Stewart Securities PLC
18 February 2010
 



18 February 2010

 

 

Daniel Stewart Securities PLC

 

("Daniel Stewart" or "the Company")

 

LOAN CONVERSION

 

The Board of Daniel Stewart (AIM: DAN.L), stockbroker and corporate finance adviser to smaller and medium-sized companies, is pleased to announce that it has agreed that £250,000 of the £1 million two-year unsecured credit facility, which is provided primarily by FCI A.G., is to be converted into 12,500,000 new Ordinary Shares of 0.25p each ("New Ordinary Shares"). The New Ordinary Shares will be issued at a price of 2p per share.

 

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 24 February 2010. Inclusive of the placing of 25,000,000 new ordinary shares, announced on 16 February 2009 ("Placing Shares"), this increases Daniel Stewart's issued share capital from 337,811,066 to 350,311,066, representing approximately 3.57% per cent. of the enlarged issued share capital of the Company. The Placing Shares are expected to commence trading at 8.00 a.m. on 19 February 2010.

 

 

Further information:

 

Peter Shea, Chief Executive Officer

Daniel Stewart Securities PLC

Tel: 020 7776 6550

Nick Tulloch

Arbuthnot Securities Limited

Tel: 020 7012 2158

Nick Rome/Siobhra Murphy

Bishopsgate Communications

Tel: 020 7562 3366

 

 

Notes to Editors:

 

About Daniel Stewart

 

 

Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.

 

Daniel Stewart is regulated by the FSA, is an AIM Nominated Adviser and PLUS Market corporate adviser, as well as being a regulated broker to both the Official List and AIM. It currently acts for approximately 50 AIM companies and is actively seeking to increase its client base with companies who will benefit from its specialised corporate advisory and institutional stock broking services.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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