18 Jun 2014 16:12
18 June 2014
Insetco plc
("Insetco" or the "Company")
Loan Note conversion, issue of equity and total voting rights
The Company advises, further to the announcement of 23 May 2014, it has received a request to convert a further £25,000 of convertible loans into 100,000,000 shares.
Following this conversion, the Company will have a total of £153,700 of convertible loans outstanding.
Issue of Equity
Application has been made for admission of 100,000,000 new ordinary shares in the Company to the London Stock Exchange which is expected to occur on or around 24 June 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 613,983,096 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 | |
Julian Seidman | 07958 904 130 |
Cairn Financial Advisers LLP | |
Jo Turner / Liam Murray | 020 7148 7900 |