Issue of Equity ...
18 November 2015 - 6:00PM
UK Regulatory
/**/
RNS Number : 0597G
Eastbridge Investments PLC
18 November 2015
18 November 2015
Eastbridge Investments
Plc
("Eastbridge" or the
"Company")
Issue of Equity
Eastbridge investments Plc announces
that it has received a conversion notice in respect of the £115,700
nominal value convertible loan notes issued on 30 January 2015
("Loan Notes") and accordingly has issued 82,642,857 new ordinary
shares of no par value ("Ordinary Shares") to Phillip McGinlay, the
holder of the Loan Notes ("Conversion Shares"). Following
conversion of the Loan Notes, the Company no longer has any
outstanding debt instruments in issue.
In addition, in accordance with the
terms of his subscription, the Company has transferred, for nil
consideration, the 51,325,737 Ordinary Shares held in treasury
("Treasury Shares") to Paul Segal, the subscriber for the £50,000
Loan Notes announced on 23 December 2014 which were subsequently
converted on 30 January 2015.
As a result of the issue of the
Conversion Shares and transfer of the Treasury Shares, the Company
is aware that Mr Phillip McGinlay is now interested in 107,142,857
Ordinary Shares representing 25.1 per cent. of the issued ordinary
share capital and voting rights of the Company and Paul Segal is
now interested in 81,592,081 Ordinary Shares representing 19.1 per
cent. of the issued ordinary share capital and voting rights of the
Company.
Application has been made for
admission of the Conversion Shares to trading on the AIM market of
the London Stock Exchange plc ("AIM") ("Admission"). It is expected
that Admission will take place and that trading will commence on
AIM at 8.00 a.m. on 23 November 2015.
Upon Admission the Company will have
a total of 427,175,955 Ordinary Shares in issue, with no Ordinary
Shares held in treasury. This number 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 in their interest in, the share capital of Eastbridge
under the FCA's Disclosure and Transparency Rules.
For further additional information
please contact:
Eastbridge Investments
Plc
Gregory Collier
|
Tel: +44 (0)78 301
82501
|
Nominated Adviser
Northland Capital Partners
Limited
William Vandyk / Matthew
Johnson
|
Tel: +44 (0)20 7382 1100
|
Sole Broker
Peterhouse Corporate Finance
Limited
Fungai Ndoro /Lucy
Williams
|
Tel: +44 (0)20 7469 0930
|
This information is provided by RNS
The company news service from the
London Stock Exchange
END
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