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Issue of Equity

17 Nov 2010 07:00

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



17 November 2010

 

Triple Plate Junction PLC

 

("Triple Plate" or "the Company")

 

Issue of Equity / Redemption of Loan Notes

 

 

Further to the announcement of 2 July 2010, the Board of Triple Plate announces that Asterion AV Ltd ("Asterion") has today converted its £50,000 loan note, along with the interest due, totaling £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.

 

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.

 

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

 

 

For further enquiries please contact:

 

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

Tony Shearer

 

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

Antony Legge / Oliver Rigby

 

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