2 May 2013 14:30
Tricor plc
("Tricor" or the "Company")
Loan Note and Warrant Transfers
Tricor has received notice from Pearce Global Investments Limited that it has disposed of certain of its convertible loan notes (the "Convertible Notes") and warrants (the "Warrants") in Tricor, further details of which were announced on 18 March 2013, to the following parties (the "Acquirers"):
Acquirer | Value of Convertible Notes sold | Number of warrants sold |
CST Shipping Inc | £184,432.50 | 140,518,000 |
White Tiger Capital Pte Ltd | £21,599.55 | 16,456,800 |
Park Jae Hun | £21,599.55 | 16,456,800 |
Subir Lohani | £21,599.55 | 16,456,800 |
Upside Management (UK) Ltd | - | 29,667,115 |
Tan Hong Pheng | - | 6,500,000 |
Brics Singapore Ltd | £155,752.35 | 47,472,263 |
Following these disposals Pearce Global Investments Limited now holds £90,291.50 of Convertible Notes and 106,472,222 Warrants.
The Company is not currently subject to the UK City Code on Takeovers and Mergers. However, the Acquirers have each undertaken not to: i) convert the Notes or exercise the Warrants (together, "Conversion") if such would result in them owning more than 30 per cent. of the as enlarged issued share capital of the Company; and ii) use the rights attached to Ordinary Shares acquired as a result of Conversion to appoint a director of the Company or otherwise seek to gain control of the board of directors of the Company or to exercise undue influence on or otherwise interfere with the management of the Company.
Enquiries:
Tricor Plc Chan Fook Meng Chairman/CEO
| +65 62362985
|
Allenby Capital Ltd (Nominated Adviser & Broker) Jeremy Porter Nick Naylor James Reeve | +44 (0)20 7328 5656
|