Plutus PowerGen PLC Loan note conversion (5618X)

TIDMPPG

RNS Number : 5618X

Plutus PowerGen PLC

27 November 2017

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

PLUTUS POWERGEN PLC

("Plutus", the "Group" or the "Company")

27 November 2017

Partial conversion of Loan Notes

Plutus PowerGen PLC (AIM: PPG), the AIM listed power company focused on the development and operation of flexible energy generation ('FlexGen') projects in the UK, has received a notice of conversion of GBP100,000 of the unsecured Convertible Loan Notes created by the Company on 22 December 2014. As set out at the time, these loan notes convert at 0.8 pence per Ordinary Share and as such the Company has applied for the listing of 12,500,000 new ordinary shares of 0.1p each in the capital of the Company (the "New Ordinary Shares") to be admitted to trading on AIM. Dealings in the New Ordinary Shares are expected to become effective on or around 30 November 2017. Following the issue of the New Ordinary Shares, the Company will have 723,928,935 ordinary shares of 0.1 pence each in issue.

ENDS

For further information, please visit www.plutuspowergen.com, or contact:

 
 Charles Tatnall   Plutus PowerGen      Tel: +44 (0) 20 
                    Plc                  3705 8350 
----------------  -------------------  ---------------- 
 Phil Stephens     Plutus PowerGen      Tel: +44 (0) 20 
                    Plc                  3705 8352 
----------------  -------------------  ---------------- 
 Andrew Craig      Cantor Fitzgerald    Tel: +44 (0) 20 
                    Europe               7894 8000 
----------------  -------------------  ---------------- 
 Richard Salmond   Cantor Fitzgerald    Tel: +44 (0) 20 
                    Europe               7894 8000 
----------------  -------------------  ---------------- 
 Hugo de Salis     St Brides Partners   Tel: +44 (0) 20 
                    Limited              7236 1177 
----------------  -------------------  ---------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 27, 2017 02:02 ET (07:02 GMT)