HDD Hardide Plc

TIDMHDD

RNS Number : 6863V

Hardide PLC

16 January 2013

16 January 2013

Hardide PLC ("Hardide" or the "Company")

Conversion of Loan Note

Hardide (AIM:HDD), the provider of unique metal surface engineering technology, announces that a loan note holder has notified the Company that it intends to convert its convertible loan note of GBP225,000, issued in June 2008, into 50,000,000 new ordinary shares of 0.1p each of the Company at a price of 0.45p per share ("New Ordinary Shares").

Following this conversion, the Company has one outstanding convertible loan note of GBP633,000 which is convertible at a price of 0.45p per share.

An application will be made for the New Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 21 January 2013.

Following the above share issue, there will be 1,021,474,638 ordinary shares of 0.1p each in Hardide in issue.

For further information contact:

 
                                           www.hardide.com 
   Hardide plc 
 Peter Davenport, Finance Director   Tel: +44 1869 353 830 
 N+1 Singer                               www.n1singer.com 
 Andrew Craig, Ben Wright            Tel: +44 207 496 3000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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