Additional Listing
03 Juni 2003 - 11:00AM
UK Regulatory
RNS Number:8098L
Advanced Technology (UK) PLC
03 June 2003
Advanced Technology (UK) Plc ("the Company" or "ATL")
Issue of new shares
Between 23 April 2003 and 02 June 2003 ATL has received validly executed notices
of the exercise of the right to convert 5,180,059 Conditional Convertible
Unsecured Loan Notes 2005 ("Loan Notes") into new Ordinary Shares in the capital
of the Company. Loan Notes were issued to investors pursuant to the arrangements
set out in the Company's circular dated 21 November 2002 and approved by
shareholders on 17 December 2002. Each Loan Note entitles the holder to convert
Loan Notes into Ordinary Shares at the rate one new Ordinary Share for each 10p
of Loan Notes converted.
Between 23 April 2003 and 02 June 2003 ATL has received validly executed notices
of exercise in respect of 34,855 bonus warrants ("Bonus Warrants"). Bonus
Warrants were issued to shareholders pursuant to the arrangements set out in the
Company's circular dated 21 November 2002 and approved by shareholders on 17
December 2002. Each Bonus Warrant entitles the holder to subscribe for one new
ordinary share at a price of 10p per share.
Accordingly the Company has today allotted 5,214,914 new ordinary shares of 5p
each in the capital of the Company. Application has been made for admission to
AIM of such new ordinary shares. Admission is expected to take place on 06 June
2003.
Enquiries:
John Howell Chief Executive 01202 592000
This information is provided by RNS
The company news service from the London Stock Exchange
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