Gowin New Energy Group Limited Conversion of Convertible Loan Notes (0761P)
15 February 2016 - 10:17PM
UK Regulatory
TIDMGWIN
RNS Number : 0761P
Gowin New Energy Group Limited
15 February 2016
15 February 2015
Gowin New Energy Group Limited
("Gowin" or the "Company")
Conversion of Convertible Loan Notes
The Company is pleased to announce that pursuant to the
announcement by the Company on 20 November 2015, the Noteholders of
the Convertible Loan Notes from the following individuals: Mr Chao
Chih-Feng (GBP100,000), Mrs Dai Ming-Hsuan (GBP50,000) and Mr Tsai
Cheng-Feng (GBP100,000), have converted the whole of, the principal
amount outstanding under the Notes into new ordinary shares of
GBP0.01 in the capital of the Company ("Ordinary Shares") at the
conversion rate of GBP0.002, the aggregate of 125,000,000 issued
fully paid New Ordinary Shares (which would represent approximately
21.90 per cent. of the enlarged issued share capital of the
Company).
The 125,000,000 new ordinary shares will be admitted to trading
on ISDX Growth Market today, 15 February 2016.
Following the Placing, the issued share capital of the Company
will increase to 570,712,176 ordinary shares of 1 pence each. This
figure may be used by shareholders 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 Disclosure and Transparency
Rules.
The following parties have an interest of more than 3% in the
shares of the Company:
Shareholder Name Number of Ordinary Percentage
Shares Holding
--------------------------- -------------------- -----------
CHIN-LUNG HSIEH 118,206,000 21.80%
--------------------------- -------------------- -----------
CHOICE ONLY INTERNATIONAL
ENT CO 30,000,000 5.26%
--------------------------- -------------------- -----------
CHEN CHIH LUNG 70,000,000 12.27%
--------------------------- -------------------- -----------
PROPITIOUS GROUP LIMITED 26,736,400 4.68%
--------------------------- -------------------- -----------
MAN BUN LEE 21,064,600 3.69%
--------------------------- -------------------- -----------
SEAMLESS GREEN CHINA
(HOLDINGS) 16,595,000 2.91%
--------------------------- -------------------- -----------
Dai Ming-Hsuan 25,000,000 4.38%
--------------------------- -------------------- -----------
Tsai Cheng-Feng 50,000,000 8.76%
--------------------------- -------------------- -----------
Chao Chih-Feng 50,000,000 8.76%
--------------------------- -------------------- -----------
The directors of Gowin New Energy Group Limited accept
responsibility for this announcement.
For further information please visit www.gowinyichia.com or
contact the following:
Garry Willinge Gowin New Energy Group Limited +852 9100 9972
David Scott / James Dewhurst Alexander David Securities Limited +44 20 7448 9820
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 15, 2016 06:17 ET (11:17 GMT)