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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
3DM Worldwide | LSE:TDM | London | Ordinary Share | GB0030949472 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.19 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3098C 3DM Worldwide PLC 17 August 2007 3DM Worldwide plc ("3DM" or "the Company") Block admission The Company announces that it has established an extension to the block admission arrangement announced on 17 January 2006 in relation to of the loan facility announced on 5 January 2006 (the "Loan Facility Block Admission Arrangement"). Under the Loan Facility Block Admission Arrangement, the Company has the authority to issue up to 34,737,337 Ordinary Shares of 2.5p each ("Ordinary Shares"), being 20.00 per cent. of the number of shares currently in issue. However, this extension is limited to 10,000,000 Ordinary Shares, being the number of Ordinary Shares required to meet the maximum conversion under the loan facility from the date of this announcement until the date of the EGM (23 August 2007). One of the resolutions of the aforementioned EGM relates to the proposed repayment of the entire outstanding loan facility. Should shareholders approve this proposal, the block listing will no longer be required and will therefore be cancelled. The Company will continue to issue notifications following the end of each calendar month containing the information required under in Schedule 8 to the AIM Rules. The loan facility announced on 5 January 2006 allows for repayment of the loan of #4.75 million either in cash or through the issue of shares at a price based on the lower of the average price of 3DM's shares during the 10 days prior to issue of the shares or the 10 days prior to the date of the loan agreement. Accordingly the number of shares to be issued in repayment of the loan may be greater or smaller than the maximum number of shares that can be issued under the Loan Facility Block Admission Arrangement. 17 August 2007 This information is provided by RNS The company news service from the London Stock Exchange END MSCOKOKKFBKKKFD
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