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2 Dec 2009 16:29
For immediate release: 2 December 2009
KINGSWALK INVESTMENTS LIMITED ("Kingswalk" or "the Company") ISSUE OF EQUITY
The Directors of Kingswalk (AIM: KWI), announce that application has been made for 10,249,380 ordinary Shares of 1 pence each in the Company ('New Ordinary Shares') to be admitted to trading on the AIM market of the London Stock Exchange ('AIM'). Admission of the New Ordinary Shares is expected to take place on 8 December 2009.
Kingswalk announced on 19 June 2009 that it had secured a 100,000 debt facility (the "Facility"). Today the Company announces that it has reached agreement to convert amounts draw down under the Facility of 102,493.80 (including interest) into the New Ordinary Shares. This conversion improves the Company's balance sheet whilst the Directors continue with their discussions with shareholders and assess potential investment opportunities to achieve maximum possible return for shareholders.
Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 42,505,007 Ordinary Shares. All of the Ordinary Shares carry voting rights and this will be the figure which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the issued share capital of the Company.
For further information please contact:
Kingswalk Investments Limited
Paul Everitt
+44 (0)14 8173 2888
Daniel Stewart & Company Plc
OliverRigby +44(0)20 7776 6550GTH Communications TobyHall +44 (0)20 7153 8039ChristianPickel +44 (0)20 7153 8036
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