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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Praesepe | LSE:PRA | London | Ordinary Share | GB00B1263L43 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.625 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
TIDMPRA
RNS Number : 1966I
Praesepe PLC
09 June 2011
9 June 2011
Praesepe plc
("Praesepe" or the "Company" or the "Group")
Conversion of loan notes and issuance of equity
Praesepe announces that on 8 June 2011 all of the Company's convertible loan notes that originated in 2009 ("Loan Notes") were converted into ordinary shares ("Conversion Shares").
The Company has issued and allotted 85,316,256 Conversion Shares to Marwyn Value Investors L.P. and 391,100 Conversion Shares to Matthew Proctor.
The Conversion Shares will rank pari passu in all respects with the Company's existing ordinary shares and application will be made to the London Stock Exchange for these new ordinary shares to be admitted to trading on AIM.
The Company's enlarged issued share capital immediately following the issue of the Conversion Shares is 491,023,642 ordinary shares of GBP0.01 each.
In accordance with the conditions set out in the Marwyn Management Partners plc ("MMP") offer to Praesepe ("Praesepe Offer") announced on 3 June 2011, MMP has received irrevocable undertakings from Praesepe shareholders to accept the Praesepe Offer that represent in aggregate, approximately 54.3% of the fully diluted ordinary share capital of Praesepe, including the newly issued Conversion Shares.
Ends
Contacts
Praesepe plc
Nick Harding, Chief Executive Officer Tel: +44 (0)7970 148000
Matthew Proctor, Chief Financial Officer Tel: +44 (0)7985 116578
Brunswick
Chris Blundell Tel: +44 (0)20 7404 5959
Claire Boszko
Liberum Capital (NOMAD and Broker)
Chris Bowman Tel: +44 (0)203 100 2222
Richard Bootle
This information is provided by RNS
The company news service from the London Stock Exchange
END
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