Tricor Regulatory News (TRIC)

22 Feb 2006 09:36

FOR IMMEDIATE RELEASE 22 February 2006 PNC TELECOM PLC ("PNC" or the "Company") CONVERSION OF LOAN NOTES At a Board Meeting of 21 February 2006, the Board accepted a request from JamesPoulton pursuant to the issue of convertible loan notes totalling ‚£500,000convertible at 0.1p per share at any time for seven years from 29 April 2005 to28 April 2012 for the conversion of the ‚£10,000 loan note and has agreed toallot 10,000,000 new ordinary shares at 0.1p per share (the "Shares").Application is being made for the Shares, which will rank pari passu with theexisting ordinary shares to be admitted to trading on AIM.James Poulton currently holds 7,052,500 ordinary shares and with the further 10million shares his total holding of 17,052,500 ordinary shares will representapproximately 10.03% of the increased share capital.For further information:PNC Telecom Plc Leo Knifton Tel: +44 (0) 207 251 3762 Beaumont Cornish Limited Nominated Adviser Tel: +44 (0) 207 628 3396 Roland Cornish ENDPNC TELECOM PLC