The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Loan Note Conversion and Issue of Equity

15 Oct 2014 15:58

RNS Number : 4241U
Insetco PLC
15 October 2014
 



15 October 2014

 

Insetco plc

("Insetco" or the "Company")

 

Loan Note Conversion and Issue of Equity

 

 

The Company advises that it has received a request to convert a further £40,000 of convertible loans into 160,000,000 shares.

 

Following this conversion, the Company will have a total of £87,500 of convertible loans outstanding.

 

Issue of Equity

 

Application has been made for admission of 160,000,000 new ordinary shares in the Company to the London Stock Exchange which is expected to occur on or around 21 October 2014. The new ordinary shares will rank pari passu with the existing ordinary shares.

 

Total Voting Rights

 

Following the issue of equity described above, the so enlarged issued share capital of the Company will comprise 878,783,096 ordinary shares of £0.00001 each. Each ordinary share carries the right to one vote at general meetings of the Company. The Company does not have any ordinary shares in treasury.

 

This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

 

Insetco plc

Barry Heath

020 7866 0639

Cairn Financial Advisers LLP

Jo Turner / Liam Murray

020 7148 7900

 

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

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.