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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Qihang Equip | LSE:QIH | London | Ordinary Share | GB00B030LW50 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
18 November 2015
Eastbridge Investments Plc
("Eastbridge" or the "Company")
Issue of Equity
Eastbridge investments Plc announces that it has received a conversion notice in respect of the £115,700 nominal value convertible loan notes issued on 30 January 2015 ("Loan Notes") and accordingly has issued 82,642,857 new ordinary shares of no par value ("Ordinary Shares") to Phillip McGinlay, the holder of the Loan Notes ("Conversion Shares"). Following conversion of the Loan Notes, the Company no longer has any outstanding debt instruments in issue.
In addition, in accordance with the terms of his subscription, the Company has transferred, for nil consideration, the 51,325,737 Ordinary Shares held in treasury ("Treasury Shares") to Paul Segal, the subscriber for the £50,000 Loan Notes announced on 23 December 2014 which were subsequently converted on 30 January 2015.
As a result of the issue of the Conversion Shares and transfer of the Treasury Shares, the Company is aware that Mr Phillip McGinlay is now interested in 107,142,857 Ordinary Shares representing 25.1 per cent. of the issued ordinary share capital and voting rights of the Company and Paul Segal is now interested in 81,592,081 Ordinary Shares representing 19.1 per cent. of the issued ordinary share capital and voting rights of the Company.
Application has been made for admission of the Conversion Shares to trading on the AIM market of the London Stock Exchange plc ("AIM") ("Admission"). It is expected that Admission will take place and that trading will commence on AIM at 8.00 a.m. on 23 November 2015.
Upon Admission the Company will have a total of 427,175,955 Ordinary Shares in issue, with no Ordinary Shares held in treasury. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of Eastbridge under the FCA's Disclosure and Transparency Rules.
For further additional information please contact:
Eastbridge Investments Plc Gregory Collier
|
Tel: +44 (0)78 301 82501 |
Nominated Adviser Northland Capital Partners Limited William Vandyk / Matthew Johnson
|
Tel: +44 (0)20 7382 1100 |
Sole Broker Peterhouse Corporate Finance Limited Fungai Ndoro /Lucy Williams |
Tel: +44 (0)20 7469 0930 |
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