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CLS Conversion period

3 Nov 2014 07:00

RNS Number : 9134V
European Wealth Group Limited
03 November 2014
 



3 November 2014

 

European Wealth Group Limited

("European Wealth", or "the Group")

 

CLS Conversion period

 

The directors of European Wealth (AIM: EWG, EWGL), the fast growing wealth management group, announce that the conversion period for the 10 per cent. convertible unsecured loan stock ("CLS") has started today and will run for 14 days.

 

As set out in the Admission Document, certain Directors and shareholders had loans outstanding to EWMG at the time of acquisition and received CLS's in respect of these loans, the pricing and conversion pricing of which were set out in the Admission Document.

 

Any CLS holder wishing to convert at a price per ordinary share of 0.1p ("Ordinary Share") of 72p must give notice to the Company at its registered office, specifying the nominal value of the CLS to be converted and, if held in certificated form, accompanied by the certificate of CLS. Conversion will occur on 27 November 2014. No dividend has been declared on the Ordinary Shares in respect of the six month period ended 30 June 2014.

 

The next conversion period will be the 14 day period commencing 1 May 2015 when the conversion price will be 85p per Ordinary Share.

 

For further details, please contact:

 

European Wealth Group Limited

John Morton, Rod Gentry: +44 (0)20 7293 0733

www.europeanwealth.com

 

Daniel Stewart & Company Plc - Nominated Adviser and Broker

Paul Shackleton (NOMAD) +44 (0)20 7776 6550

Mark Treharne (Broking)

 

GTH Communications

Toby Hall: +44 (0)20 7822 7493 / +44 (0)7713 341072

 

About European Wealth Group Limited

European Wealth Group Limited (AIM: EWG, EWGL).is the holding company for the fast growing wealth management business, European Wealth Management Group Limited. Having commenced trading in 2010, European Wealth has two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both are regulated by the FCA and were established to be RDR compliant from the outset, EIM opting for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with an expanding network of offices in the UK. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com.

 

ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
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