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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Alternative E. | LSE:ALR | London | Ordinary Share | SG9999004659 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0125 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMALR
RNS Number : 6316I
Alternative Energy Limited
27 March 2015
27 March 2015
ALTERNATIVE ENERGY LIMITED
(the "Company")
Conversion of Loan Note and Total Voting Rights
Further to the Company's announcements of 15 July 2014 entitled 'Senior Loan Note Instrument' and of the 5 March 2015 entitled 'Conversion of Loan Note and Total Voting Rights', Darwin Strategic Limited ("Darwin"), on 26 March 2015, issued the Company with a conversion notice ("Conversion Notice") in relation to GBP100,000 of the senior loan note amounting to GBP270,000. Following such conversion the senior loan will stand at a total of GBP120,000. As a result of the Conversion Notice and a conversion price of 0.017733 pence (being the lesser of (i) GBP0.0125 and (ii) the average price of the Company's ordinary shares ("Ordinary Shares") for three trading days selected by Darwin during the twenty trading days prior to and including the date of conversion, multiplied by 0.80 and subject to any agreed adjustments)) Darwin will be issued with 563,909,774 Ordinary Shares ("Conversion Shares").
Application will be made for the Conversion Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings in the Conversion Shares on AIM are expected to commence on or around 2 April 2015.
Following the issue of the Conversion Shares as described above, the Company's issued share capital will consist of 3,101,480,664 Ordinary Shares with voting rights. The Company also holds 1,922,966 Ordinary Shares in treasury and these shares have no voting rights. Therefore the total number of Ordinary Shares in the Company with voting rights is 3,101,480,664 and this figure may be used by shareholders at the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
ALTERNATIVE ENERGY LIMITED Richard Lascelles, Independent Non-executive Director Tel: +44 (0) 20 7408 1067 Eric Goh, Executive Director Tel: +65 68737782 BEAUMONT CORNISH LIMITED (Nomad) Roland Cornish and Emily Staples Tel: +44 (0) 20 7628 3396 BEAUFORT SECURITIES LIMITED (Broker) Jon Levinson and Elliot Hance Tel: +44 (0)20 7382 8300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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