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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Managed Support | LSE:MSS | London | Ordinary Share | GB00B105MM77 | 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% | 0.045 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMSS
RNS Number : 9711C
Managed Support Services PLC
15 March 2011
FOR IMMEDIATE RELEASE
15 March 2011
Managed Support Services plc
("MSS" or the "Group")
Proposed issue of Convertible Loan Notes and Notice of General Meeting
Further to the announcement made on 10 March 2011 (RNS No. 6557C), MSS confirms that it has raised GBP500,000 by way of the issue of Convertible Loan Notes, conditional only on the passing of the appropriate resolutions at the forthcoming General Meeting on 31 March 2011.
The Convertible Loan Notes will pay interest on the principal amount at 7 per cent. per annum and will be convertible at anytime into new MSS Ordinary Shares at a conversion price of 5 pence per Ordinary Share. If conversion does not take place before 31 January 2015, the Convertible Loan Notes will be redeemed by the Company. The Convertible Loan Note issue has not been underwritten but the Company is in receipt of written commitments from the proposed investors.
The Company has today posted a Circular to shareholders convening a General Meeting and containing full details of the proposed Convertible Loan Note issue. A copy of this circular can be found on the Company's website at www.mssplc.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Managed Support Services plc: Simon Beart, 07710 444370 01483 735703 Chief Executive Piers Wilson, Finance Director Cenkos Securities plc: Nick Wells / 020 Stephen Keys 7397 8900 Buchanan Communications: Richard Darby / 020 Helen Chan 7466 5000 Merchant Securities: Graeme Cull / 020 Simon Clements 7382 0933
Notes to editors
Managed Support Services plc is a leading supplier of Environmental Compliance and technical Building Services. The Group provides a broad range of Environmental Compliance services and HVAC building maintenance services for commercial properties. MSS operates in a range of diverse markets with customers managing or owning commercial property, hotels and retail buildings. Further information is obtainable from www.mssplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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