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Issue of Equity

17 Nov 2010 07:00

RNS Number : 3075W
Triple Plate Junction Plc
17 November 2010
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ο»Ώ

17 November 2010

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Triple Plate Junction PLC

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("Triple Plate" or "the Company")

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Issue of Equity / Redemption of Loan Notes

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Further to the announcement of 2 July 2010, the Board of Triple Plate announces that Asterion AV Ltd ("Asterion") has today converted its Β£50,000 loan note, along with the interest due, totaling Β£1,890, into 5,189,000 ordinary shares of 1 pence each in the Company. The Company will also issue Asterion with warrants to subscribe for 5,000,000 ordinary shares exercisable at a price of 1.2 pence per share at any time up to 16 November 2015.

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Application has been made to AIM for admission of the new ordinary shares which is expected to occur, and dealings to commence, at 8.00 a.m. on 23 November 2010.

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The Company has also determined to redeem the remaining Β£180,000 of loan notes.

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For further enquiries please contact:

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Triple Plate Junction Plc +44 (0) 20 7602 1570

Tony Shearer

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Daniel Stewart & Company plc +44 (0) 20 7776 6550

Antony Legge / Oliver Rigby

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