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16 Jan 2013 12:10
16 January 2013
Hardide PLC ("Hardide" or the "Company")
Conversion of Loan Note
Hardide (AIM:HDD), the provider of unique metal surface engineering technology, announces that a loan note holder has notified the Company that it intends to convert its convertible loan note of £225,000, issued in June 2008, into 50,000,000 new ordinary shares of 0.1p each of the Company at a price of 0.45p per share ("New Ordinary Shares").
Following this conversion, the Company has one outstanding convertible loan note of £633,000 which is convertible at a price of 0.45p per share.
An application will be made for the New Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 21 January 2013.
Following the above share issue, there will be 1,021,474,638 ordinary shares of 0.1p each in Hardide in issue.
For further information contact:
Hardide plc |
www.hardide.com |
Peter Davenport, Finance Director
| Tel: +44 1869 353 830
|
N+1 Singer | www.n1singer.com |
Andrew Craig, Ben Wright | Tel: +44 207 496 3000 |
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