Issue of Equity and Holdings in Company

 
TIDMPTC 
 
For immediate release 17 August 2009 
 
                               P N C TELECOM PLC 
 
                       ("PNC Telecom" or "the Company") 
 
                                Issue of Equity 
 
                             Holding(s) in Company 
 
The Board received and accepted a request from Cairns Investment Holdings 
Limited to convert a GBP140,000 convertible loan note and has agreed to issue and 
allot 140,000,000 new ordinary shares at 0.1p per share in accordance with the 
terms of that note, namely to be convertible at 0.1p per share at any time for 
seven years from 29 April 2005 to 28 April 2012. 
 
The Board have also agreed to issue and allot 16,666,667 new ordinary shares in 
settlement of an outstanding invoice for GBP5,000. 
 
Application will be made for a total of 156,666,667 new ordinary shares which 
will rank pari passu with the existing ordinary shares to be admitted to 
trading on AIM. 
 
In addition, the Company was notified on 12 August 2009 that as at 31 July 2009 
Barclays PLC, through Barclays Stockbrokers Ltd, held 50,815,023 ordinary 
shares representing 5.20% of the total voting rights in the Company's issued 
share capital. 
 
PNC Telecom Plc 
 
Leo Knifton Tel: + 44 (0) 207 251 3762 
 
Beaumont Cornish Limited 
 
Roland Cornish Tel: [phone] 
 
 
 
END