Hardide PLC Conversion of Loan Note (0547O)
01 Agosto 2014 - 2:59PM
UK Regulatory
TIDMHDD
RNS Number : 0547O
Hardide PLC
01 August 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 GBP333,000 of nominal value
of loan note. This will result in the issue of 74,000,000 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 will have no further
outstanding convertible loan notes.
Application will be made for the New Ordinary Shares to be
admitted to AIM and it is expected that dealings will commence on 6
August 2014.
Following the above share issue, the Company will have
1,166,751,304 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 / James Thompson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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