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Replacement:Loan Notes Conversions&Issue of Equity

4 Mar 2015 16:30

RNS Number : 5667G
Insetco PLC
04 March 2015
 

This replaces the announcement made (RNS: 5598G) at 15:21 on 4 March 2015 which in error inverted the names "ADM Investor Services International Limited" and "Zentar Securities Ltd".

 

All other details remain the same. The full amended text is shown below.

 

 

4 March 2015

 

Insetco plc

("Insetco" or the "Company")

 

Loan Note Conversions and Issue of Equity

 

 

The Company advises that it has received the following requests to convert loans into shares:

 

Shareholder

Amount

Conversion Price

New Ordinary Shares

ADM Investor Services International Limited

 

£10,000

0.025p

40,000,000

Zentar Securities Ltd

£62,500

0.025p

250,000,000

 

Following the requests for conversion, the Company will have a total of £35,000 of convertible loans outstanding, comprising £10,000 which can convert at 0.025p per share and £25,000 which can convert at 0.1p per share, resulting in a maximum issue of new equity of 65,000,000 new ordinary shares.

 

In addition to the amounts stated above, as advised on 29 December 2014, the Company is still in discussions with a holder of unsecured loan notes totalling £40,000 to vary the terms of this loan.

 

Issue of Equity

 

Application will be made for admission of 290,000,000 new ordinary shares in the Company to the London Stock Exchange which is expected to occur on or around 10 March 2015. 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 1,480,449,762 ordinary shares of 0.001p 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 FCA's Disclosure and Transparency Rules.

 

Insetco plc

Barry Heath

07788 376480

Ivan Couchman

07970 377669

Cairn Financial Advisers LLP

Jo Turner / Liam Murray

020 7148 7900

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEUSUNRVAAORAR
Date   Source Headline
16th Aug 201012:55 pmRNSTrading Statement
28th Jul 20105:21 pmRNSHolding(s) in Company
19th Jul 20107:00 amRNSIssuance of 8% Convertible Loan notes
15th Jul 20107:00 amRNSDirectorate Change
9th Jul 20103:15 pmRNSHolding(s) in Company
30th Jun 20109:44 amRNSTotal Voting Rights
29th Jun 20104:45 pmRNSFinal Results
23rd Jun 201011:10 amRNSHolding(s) in Company
23rd Jun 201011:08 amRNSHolding(s) in Company
14th Jun 201012:19 pmRNSAdmission of Shares to Trading
1st Jun 201010:21 amRNSTotal Voting Rights
26th May 201012:44 pmRNSRe Contract
20th May 20102:23 pmRNSHolding(s) in Company
14th May 201011:40 amRNSTrading Statement
14th May 201011:12 amRNSN11/10 - Restoration - Insetco Plc
14th May 201011:00 amRNSStatement re. Suspension
13th May 20104:51 pmRNSN10/10 - Suspension of trading - Insetco Plc (INC)
12th May 201010:42 amRNSStatement re Issued Share Capital (Replacement)
12th May 201010:30 amRNSStatement re Issued Share Capital
4th May 20104:38 pmRNSAdmission of Shares to Trading
4th May 201011:40 amRNSTotal Voting Rights
30th Apr 20106:35 pmRNSHolding(s) in Company
27th Apr 20104:48 pmRNSHolding(s) in Company
27th Apr 20104:46 pmRNSHolding(s) in Company
21st Apr 201012:57 pmRNSHolding(s) in Company
14th Apr 20105:01 pmRNSLicence agreement
13th Apr 20107:00 amRNSShare price clarification
12th Apr 20103:26 pmRNSDirectorate Change
12th Apr 20107:00 amRNSRestoration - Insetco Plc
9th Apr 20104:05 pmRNSRestoration of Listing
1st Apr 20105:51 pmRNSResult of EGM
30th Mar 20109:50 amRNSDetails of Proposed CVA
30th Dec 200910:45 amRNSChange of Accounting Reference Date
2nd Dec 20094:00 pmRNSChange of Adviser
26th Nov 200911:08 amRNSSale of Assets
2nd Nov 20091:10 pmRNSAppointment of Administrators
29th Oct 20092:29 pmRNSFunding Update
20th Oct 200911:00 amRNSSuspension - ASG Media Plc
20th Oct 200911:00 amRNSTemporary Suspension
30th Sep 20099:43 amRNSRe Contract
28th Sep 20098:38 amRNSFunding Update
21st Sep 20097:00 amRNSASG agrees two year sales contract with abc media
3rd Sep 20093:08 pmRNSFunding Update
3rd Aug 20093:34 pmRNSHolding(s) in Company
31st Jul 20092:59 pmRNSTotal Voting Rights
31st Jul 200912:59 pmRNSFunding update
31st Jul 200912:55 pmRNSChange of Name
14th Jul 20096:35 pmRNSIssue of Equity Replacement
14th Jul 20094:52 pmRNSIssue of Equity
9th Jul 20099:27 amRNSHolding(s) in Company

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