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ACV Advance Visual

0.16
0.00 (0.00%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Advance Visual LSE:ACV London Ordinary Share GB0002565355 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.16 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Issue of loan notes

28/09/2006 3:29pm

UK Regulatory


RNS Number:6404J
Advance Visual Communications PLC
28 September 2006





                                                               28 September 2006



ADVANCE VISUAL COMMUNICATIONS PLC

(the "Company")



Issue of loan notes



The Company has today raised #100,000 by the issue of #100,000 of Convertible
Unsecured Loan Notes 2010 ("Loan Notes") together with Warrants in order to
raise working capital for the Company.



The Loan Notes have been issued in units of #5,000 and convert into new ordinary
shares of the Company at par, 0.1p, at any time from year 1 following issue to
the fifth anniversary of issue.  The Company may convert the Loan Notes at any
time in certain circumstances, including the acquisition of a company or
business by the issue of new ordinary shares of the Company representing in
excess of 30% of the then enlarged share capital of the Company.



The Warrants entitle the holder to subscribe for 3 new ordinary shares of the
Company at par for every new ordinary share to be issued under conversion of the
Loan Note and may be exercised at any time from year 1 following issue to the
fifth anniversary of issue or in certain other circumstances, including the
acquisition of a company or business by the issue of new ordinary shares of the
Company representing in excess of 30% of the then enlarged share capital of the
Company.
















                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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