Hardide PLC Conversion of Loan Note (6863V)
16 Gennaio 2013 - 1:10PM
UK Regulatory
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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