Conversion of Loan Stock
16 January 2010 - 3:48AM
UK Regulatory
TIDMLIN TIDMLINC TIDMLINA
RNS Number : 6691F
LitComp Plc
15 January 2010
LitComp Plc
"LitComp" or "the Company"
Conversion of Loan Stock
The Board of LitComp, a provider of After the Event Insurance and a national
supplier of medico-legal reports, announces that certain shareholders have
converted their holding of GBP743,700 of 10% Secured Convertible Loan Stock into
2,479,000 new Ordinary Shares of 10p each ("New Ordinary Shares"), which
converted at a price of 30p per share.
Application has been made for the New Ordinary Shares to be admitted to trading
on AIM and dealings are expected to commence on 21 January 2010. This increases
LitComp's issued share capital from 6,384,121 to 8,863,121 representing
approximately 27.97 per cent. of the enlarged issued share capital.
Enquiries:
+---------------------------------------------+----------------------------+
| LITCOMP PLC | Telephone: +44 (0)147 656 |
| Jason Smart, Chief Executive Officer | 0113 |
| Paul Lavender, Finance Director | |
| | |
+---------------------------------------------+----------------------------+
| ASTAIRE SECURITIES PLC | Telephone: +44 (0)207 448 |
| (Financial Adviser to LitComp) | 4400 |
| Lindsay Mair | |
| Luke Cairns | |
| | |
+---------------------------------------------+----------------------------+
| Seymour Pierce LIMITED | Telephone: +44 (0)20 7107 |
| (Nominated Adviser and Broker to LitComp) | 8000 |
| Chris Howard | |
| Christopher Wren | |
| | |
+---------------------------------------------+----------------------------+
| BisHOPSGATE COMMUNICATIONS | Telephone: +44 (0)20 7562 |
| (Financial PR Advisers to LitComp) | 3350 |
| Maxine Barnes | |
+---------------------------------------------+----------------------------+
Astaire Securities plc, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for LitComp and
no-one else in connection with the Offer and will not be responsible to anyone
other than LitComp for providing the protections afforded to clients of Astaire
Securities nor for providing advice in relation to the Offer, the content of
this announcement, or any transaction, arrangement or matter referenced herein.
Seymour Pierce Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for LitComp and
no-one else in connection with the Offer and will not be responsible to anyone
other than LitComp for providing the protections afforded to clients of Seymour
Pierce Limited nor for providing advice in relation to the Offer, the content of
this announcement, or any transaction, arrangement or matter referenced herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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