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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lb-Shell | LSE:LBP | London | Ordinary Share | GB00BNB7LQ31 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0275 | 0.025 | 0.03 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMLBP
RNS Number : 6482S
Lb-shell plc
26 June 2018
LB-Shell plc
(the "Company")
Conversion of Convertible Loan Notes into Equity
The Company announces that Melissa Sturgess, a director of the Company, has elected to convert GBP10,312 of her convertible loan notes (held via Pankhurst Investments LTD) issued pursuant to a loan note instrument dated 1 June 2018 ("GBP300,000 CLNs") into 41,247,688 Ordinary Shares of GBP0.0001 at a conversion price of GBP0.00025 per share. Following this conversion, LB-Shell PLC has GBP289,688 of GBP300,000 CLNs outstanding and GBP135,000 convertible loan notes which were issued to settle professional fees and associated obligations relating to the refinancing of the Company ("GBP135,000 CLNs") (together the "CLNs").
On completion of the issue, the Company's enlarged issued capital consists of 247,487,019 Ordinary Shares of GBP0.0001 per share with voting rights. This number may be used by shareholders, following the placing, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules
It is expected that the new Ordinary Shares are to commence trading on 29 June 2018.
Following the conversion, Melissa Sturgess will be directly and indirectly interested in 41,247,688 Ordinary Shares, representing approximately 16.67% per cent. of the Company's enlarged issued ordinary share capital and GBP139,688 of CLNs.
Enquiries:
LB-Shell plc
Melissa Sturgess Tel: +44 7787 942 777
Email: ir@lb-shell.com
Peterhouse Capital Limited
Heena Karani and Lucy Williams Tel: +44 207 469 0933
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRFFMJTMBATBMP
(END) Dow Jones Newswires
June 26, 2018 10:00 ET (14:00 GMT)
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