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16 Jan 2013 12:10
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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 Β£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").
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Following this conversion, the Company has one outstanding convertible loan note of Β£633,000 which is convertible at a price of 0.45p per share.
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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.
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Following the above share issue, there will be 1,021,474,638 ordinary shares of 0.1p each in Hardide in issue.
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For further information contact:
Β Hardide plc | Β www.hardide.com |
Peter Davenport, Finance Director Β | Tel: +44 1869 353 830 Β |
N+1 Singer | www.n1singer.com |
Andrew Craig, Ben Wright | Tel: +44 207 496 3000 |
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