Issue of Debt
10 November 2006 - 6:28PM
UK Regulatory
RNS Number:9365L
Adorian PLC
10 November 2006
For Immediate Release 10 November 2006
Adorian PLC
("Adorian" or the "Company")
Issue of Convertible Loan Notes and Warrants
The Company announces that in order to provide the Company with additional
working capital it has issued #105,263 of zero coupon unsecured convertible loan
notes to investors. The loan notes are convertible at any time within five years
of issue into ordinary shares of 0.1p each at a price of 0.5p per share and
otherwise repayable at the end of that period. The loan note holders have also
been issued warrants to subscribe for a further 21,052,600 ordinary shares
exercisable at a price of 0.5p per share in the five years to 31 October 2011.
-End-
Contacts:
Roland Cornish 020 7628 3396
Beaumont Cornish Limited
Nigel Weller 020 7251 3762
Adorian Plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
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