TIDMCOO

RNS Number : 8699R

Coolabi PLC

10 November 2011

Coolabi plc (the "Company")

Conversion of Convertible Loan Notes

Further to the announcement of 17 June 2011 regarding the issue of GBP562,114 of convertible loan notes ("Convertible Loan Notes") to Edge Performance VCT plc ("Edge"), the Company announces that Edge served notice of its conversion in respect of GBP505,902 of the Convertible Loan Notes on 9 November 2011. Given the conversion price of 6.75p per share, the Company is issuing 7,494,844 new ordinary shares of 1p each ("New Ordinary Shares") to Edge as a result of the conversion. Edge will continue to hold GBP56,212 of Convertible Loan Notes.

Application will be made to the London Stock Exchange for 7,494,844 New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will occur on 16 November 2011. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, the Company confirms that following this conversion it will have in issue and admitted to trading on the London Stock Exchange 63,012,293 ordinary shares of 1p each under International Securities Identification Number GB00B28PL418.

10 November 2011

For further information please contact:

Jeremy Ellis

Evolution Securities

Tel: 020 7071 4300

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCFMMMMMGNGMZM

Coolabi (LSE:COO)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Coolabi Charts.
Coolabi (LSE:COO)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Coolabi Charts.