GMO Gmo

    RNS Number : 6344C
  GMO Limited
  03 September 2008
   

    
 Press Release   3 September 2008

    GMO Limited
    ("GMO" or the "Company")
    Notice of Loan Note Conversion
    GMO Limited (AIM: GMO) announces that, following the recent shareholders' approval to the amendment of the terms of the Murabahah Loan
Notes ("Loan Notes"), it has received notices in respect of US$19,713,519 Loan Notes. The Loan Notes have today been redeemed by the issue
of 153,614,481 Ordinary Shares ("Share(s)") at 7 pence per Share.

Following the conversion of the Loan Notes, the holders of the Loan Notes will be issued the following number of Shares:


 Loan Notes Holder               Shares Upon Conversion  Resultant Holding  Percentage
 Green Packet Berhad                   41,107,378           53,107,378        27.42%
 mTouche Technology Berhad             61,436,873           73,436,873        37.91%
 OSK Ventures International            30,730,963           36,730,963        18.96%
 Berhad
 Wago Group Limited                    20,339,267           20,339,267        10.50%


    The Company has today made application for 153,614,481 new Shares to be admitted to AIM, with admission anticipated on Tuesday 9
September 2008. 

    Following this issue, the Company now has 193,714,481 Shares of no par value in issue. 
    - Ends -
    For further information:
 GMO Limited 
 Eugene Goh, Chief Executive Officer   Tel: + 65 9690 0099
 eugene@gmoglobal.com                   www.gmoglobal.com 

 Blue Oar Securities
 Justin Lewis                           Tel: +61 (0) 3 8637 1540
 jlewis@blueoarsecurities.co.uk
 John Wakefield                        Tel: +44 (0) 117 933 0020
 jwakefield@blueoarsecurities.co.uk  www.blueoarsecurities.co.uk







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