HMLH.L Regulatory News (HMLH)

14 Dec 2007 13:26

HML Holdings PLC14 December 2007 HML Holdings plc ("the Company" or "HMLH") Issue of Equity HML Holdings plc (AIM: HMLH) announces that it has been informed by LTC Holdingsplc ("LTC") that LTC intends to exercise its right to convert the remaining loannotes it holds in the Company ("the Loan Notes") with a value of £1,798,000("the Conversion"), which, under the terms of the agreement between LTC and theCompany, will result in the issue to LTC of 7,192,000 ordinary shares of 1.5peach in the Company ("Ordinary Shares"). Following the Conversion, the issuedshare capital of the Company will be 31,544,365 Ordinary Shares and LTC will own15,037,999 Ordinary Shares, representing 47.67 per cent. of the Company'sordinary share capital. As was detailed in the admission document published by the Company on 26 June2006, this increase in the interests of LTC in the share capital of the Companywill not result in a mandatory offer by LTC under Rule 9 of the Takeover Code. It is anticipated that the new Ordinary Shares issued pursuant to the Conversionwill be admitted to trading on 21 December 2007. 14 December 2007 For further information: HML Holdings plc: 020 7352 5179Robert Plumb, Chief Executive Smith & Williamson Corporate Finance Limited: 020 7131 4000Azhic Basirov, Siobhan Sergeant Tavistock Communications Group: 020 7920 3150Paul Youens, Paul Young This information is provided by RNS The company news service from the London Stock Exchange