15 Oct 2014 15:58
15 October 2014
Insetco plc
("Insetco" or the "Company")
Loan Note Conversion and Issue of Equity
The Company advises that it has received a request to convert a further £40,000 of convertible loans into 160,000,000 shares.
Following this conversion, the Company will have a total of £87,500 of convertible loans outstanding.
Issue of Equity
Application has been made for admission of 160,000,000 new ordinary shares in the Company to the London Stock Exchange which is expected to occur on or around 21 October 2014. The new ordinary shares will rank pari passu with the existing ordinary shares.
Total Voting Rights
Following the issue of equity described above, the so enlarged issued share capital of the Company will comprise 878,783,096 ordinary shares of £0.00001 each. Each ordinary share carries the right to one vote at general meetings of the Company. The Company does not have any ordinary shares in treasury.
This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.
Insetco plc | |
Barry Heath | 020 7866 0639 |
Cairn Financial Advisers LLP | |
Jo Turner / Liam Murray | 020 7148 7900 |