Issue of Equity
29/11/2007 4:59pm
UK Regulatory
FACES COSMETICS PLC ("FACES" OR THE "COMPANY")
ISSUE OF EQUITY
On 23 August 2007, the Company announced that it had entered into a loan note
instrument with Delaware Investments Limited (an investment company which
specialises in small public companies and an existing shareholder), in respect
of a £60,000 loan to the Company. Under the terms of this loan note instrument,
the loan notes have been converted into 1,263,157 new ordinary shares of 1
pence nominal value at 4.75 pence per share.
On 14 November 2007, the Company allotted these shares, which rank pari passu
with the existing ordinary shares. The Company is today making application for
the new ordinary shares to be admitted to AIM. Dealings in the new ordinary
shares are expected to commence on 5 December 2007.
The issue of the new ordinary shares satisfies in full the obligations under
the terms of the loan note instrument, the proceeds of which have been used for
working capital purposes.
TOTAL VOTING RIGHTS
Following the above issue of equity and in conformity with the Financial
Services Authority's Disclosure and Transparency Rules, Faces gives notice that
its voting capital consists of:
Ordinary Shares Nominal Value £ Ordinary Shares
held in Treasury
178,309,727 1p 1,783,097,27 -
As Faces does not hold any ordinary shares in Treasury its total number of
voting rights equals its capital.
The above 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, Faces under the FSA's Disclosure
and Transparency Rules.
For further information please contact:
Faces Cosmetics plc Tel: +1 (905) 760 0110 Ext. 112
Ramesh Jolly
Chief Executive Officer
www.faces-cosmetics.com
City Financial Associates Limited Tel: +44 (0) 20 7492 4777
Ross Andrews
Nominated Adviser to Faces
END