Firering Strategic Minerals: From explorer to producer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Issue of Equity

1 Sep 2010 18:06

RNS Number : 0159S
Insetco PLC
01 September 2010
 

1 September 2010

Insetco plc

("Insetco" or "the Company")

 

Issue of Equity

 

The Board announces that, following the exercise of warrants by ADM Investor Services International Limited ("ADM") on behalf of certain of its clients, 6,115,000 new ordinary shares in the Company have been issued and allotted to ADM on behalf of its clients.

 

In addition, the Board announces that under the terms of the Convertible Loan Note Agreement of 1 April 2010, ADM has on behalf of its underlying clients, exercised conversion rights over £11,000 of Convertible Loan Notes 2012, and that 11,000,000 new ordinary shares in the Company have been issued and allotted to ADM on behalf of its clients.

 

Accordingly, application has been made for 17,115,000 new ordinary shares (the "New Ordinary Shares") to be admitted to trading on AIM, and it is expected that admission will take place on 7 September 2010. 

 

The New Ordinary Shares will rank pari passu with the existing shares of the Company. Following this allotment the total number of ordinary shares in issue will increase to 74,529,422.

 

Enquires:

 

Insetco plc

Clive Cook 020 7887 7450

 

Charles Stanley Securities

Nominated Adviser

Russell Cook / Carl Holmes 020 7149 6000

 

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

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.