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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 Mar 2020 to Mar 2025
TIDMALR
RNS Number : 5637Z
Alternative Energy Limited
12 December 2014
For immediate release 12 December 2014
ALTERNATIVE ENERGY LIMITED
("AEL" or the "Company")
Draw-down of Convertible Note Programme
Further to the announcement released on 15 May 2014 in relation to the re-execution of the subscription agreement pertaining to the Convertible Note Programme ("Programme"), the Board of AEL (AIM: ARL.L) announces that on 13 June 2014 Advance Opportunities Fund (the "Subscriber") elected to convert an aggregate principal amount of GBP50,000 into ordinary shares of the Company ("Ordinary Shares"), following the draw-down of such amount by the Company for general working capital purposes. Under the terms of the Programme the sum of GBP50,000 converts into 10,264,832 Ordinary Shares at a floating conversion price of GBP0.004871.
In respect of the above the Company has now applied for the 10,264,832 new Ordinary Shares, which will rank, pari passu, with all existing ordinary shares in the Company, to be admitted to trading on AIM, with dealings expected to commence on or around 19 December 2014.
TVR
Following the issue of the new Ordinary Shares as described above, the Company's issued share capital will consist of 2,337,166,128 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 2,337,166,128 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.
Further announcements of draw-down in accordance with this Programme will be made as and when required.
For further information please see the Company's website: www.alternativenergy.com.sg or please contact:
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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