HDD Hardide Plc

TIDMHDD

RNS Number : 9615B

Hardide PLC

11 March 2014

11 March 2014

Hardide plc

("Hardide" or the "Company")

Conversion of Loan Note

Hardide (AIM: HDD), the provider of advanced surface coating technology, announces that it has received notice of conversion from a loan note holder with respect to GBP200,000 of nominal value of loan note. This will result in the issue of 44,444,444 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 outstanding convertible loan notes of GBP433,000 nominal value, convertible at a price of 0.45p per share.

Application will be made for the New Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 14 March 2014.

Following the above share issue, the Company will have 1,070,529,444 ordinary shares of 0.1p each in issue. The Company does not hold any ordinary shares in treasury and therefore this figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

 
 Hardide plc                 Tel: +44 (0) 1869 353830 
  Philip Kirkham, CEO 
  Peter Davenport, Finance 
  Director 
 finnCap Ltd                 Tel: +44 (0) 20 7220 0500 
  Stuart Andrews /Grant 
  Bergman 
 Newgate Threadneedle        Tel: +44 (0) 207 653 9850 
  Graham Herring / Heather 
  Armstrong 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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