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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Asia | LSE:LDC | London | Ordinary Share | GB0008251513 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8203F London Asia Capital PLC 30 November 2004 London Asia Capital PLC ("London Asia" or "the Company") Shareholding in Company The Company has been notified of a number of conversions, detailed below, of Convertible Loan Notes into ordinary shares of the company. Simon Littlewood, Chief Executive, said: "The conversion of the Loan Notes strengthens our balance sheet by increasing the Company's net assets by over #440,000 and saving the Company over #44,000 a year in interest payments, as well as simplifying our shareholding structure." * #51,334 by Temima Ltd, of which Simon Littlewood is a director, into 1,026,680 ordinary shares. Following the conversion, Temima Ltd holds 1,201,680 ordinary shares, equal to 0.94% of the enlarged share capital; * #50,000 by Temima Investments Ltd, of which Simon Littlewood and Victor Ng are directors, into 1,000,000 ordinary shares. Following the conversion, Temima Investments Ltd holds 4,711,398 ordinary shares, equal to 3.70% of the enlarged share capital; * #78,083 by Barry Gold into 1,561,660 ordinary shares. Following the conversion, he holds 1,801,660 ordinary shares, equal to 1.42% of the enlarged share capital; * #29,833 by Gerry Desler into 586,660 ordinary shares. Following the conversion, he holds 586,660 ordinary shares, equal to 0.46% of the enlarged share capital; * #15,834 by Photo Distribution Ltd, of which George Allnutt is a director, into 316,680 ordinary shares. Following the conversion, Photo Distribution Ltd holds 3,316,680 ordinary shares, equal to 2.61% of the enlarged share capital; * #35,000 by Cougar Couriers Ltd, of which George Allnutt is a director, into 700,000 ordinary shares. Following the conversion, Cougar Couriers Ltd holds 1,801,660 ordinary shares, equal to 0.55% of the enlarged share capital; * #25,000 by Penhale Estate Ltd, of which George Allnutt is a director, into 500,000 ordinary shares. Following the conversion, Penhale Estate Ltd holds 1,801,660 ordinary shares, equal to 0.39% of the enlarged share capital; * #14,446 by George Allnutt into 288,920 ordinary shares. Following the conversion, he holds 758,920 ordinary shares, equal to 0.60% of the enlarged share capital; * #23,304 by Jack Wigglesworth into 466,080 ordinary shares. Following the conversion, he holds 466,080 ordinary shares, equal to 0.37% of the enlarged share capital; * #50,000 by Scarborough Development Group plc, of which Cesidio Di Ciacca is a director, into 1,000,000 ordinary shares. Following the conversion, Scarborough Development Group plc holds 1,000,000 ordinary shares, equal to 0.79% of the enlarged share capital; * #51,333 by Esplanade Investors Ltd, of which Cesidio Di Ciacca is a director, into 1,026,660 ordinary shares. Following the conversion, Scarborough Development Group plc holds 1,000,000 ordinary shares, equal to 0.81% of the enlarged share capital; * #20,000 by Information Based Resources Inc into 400,000 ordinary shares. Application has been made to admit the new ordinary shares to be issued pursuant to the conversions to trading on AIM and admission is expected on 6 December 2004. The total number of issued ordinary shares in the Company admitted to AIM following the placing will be 127.3 million. Following the above conversions, there are #56,333 of Convertible Loan Notes remaining outstanding. ENQUIRIES: Paul McManus, Binns & Co Tel 020 7153 1485 Mob: 07980 541 893 Simon Littlewood, CEO Tel 020 7248 7578 Jonathan Wright, Seymour Pierce Tel 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange END RDSBMBTTMMAJBII
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