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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pnc Telecom (see LSE:TRIC) | LSE:PTC | London | Ordinary Share | GB0006831662 | 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% | 0.075 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Premium
FOR IMMEDIATE RELEASE 27 November 2006
PNC TELECOM PLC
("PNC" or the "Company")
ISSUE OF EQUITY
At a Board Meeting on 22 November 2006, the Board received and accepted a
request from Cairns Investment Holdings Limited ("Cairns"), pursuant to the
issuance of Convertible Loan Notes totalling £500,000 convertible at 0.1p per
share at any time for 7 years from 29 April 2005 to 28 April 2012, for the
conversion of a £40,000 Loan Note and has agreed to allot 40,000,000 new
ordinary shares at 0.1p per share (the "Shares") in accordance with the terms
of the Loan Note Instrument.
The resulting holding of 40,000,000 ordinary shares will represent
approximately 19.22% of the enlarged issued share capital.
Application will be made for the Shares, which will rank pari passu with
existing ordinary shares, to be admitted to trading on AIM.
For further information:
PNC Telecom Plc
Leo Knifton Tel: +44 (0) 207 251 3762
Beaumont Cornish Limited
Nominated Advisers Tel: +44 (0) 207 628 3396
Roland Cornish
END
1 Year Pnc Telecom (see LSE:TRIC) Chart |
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