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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Turbotec Unres | LSE:TRBO | London | Ordinary Share | GB00B128LN88 | ORD 1P (UNRES) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTRBO
RNS Number : 2887C
Turbotec Products PLC
15 April 2013
Press Release 15 April 2013
Turbotec Products Plc
("Turbotec" or "the Company")
Issue of Equity
Turbotec Products Plc (TRBO.L), the designer and manufacturer of high performance heat exchangers and Tru-Twist(R) heat transfer tubing, announces that, further to the announcement of 21 January 2013, it has allotted and issued, under existing shareholder authorities, 640,338 ordinary shares of nominal value 1p each in the capital of the Company pursuant to a convertible loan agreement made between Execuzen Limited and the Company. The shares had been allotted in partial satisfaction of the outstanding liability of GBP132,639.45 under the agreement, at a conversion price of 17p per share. Each new ordinary share will rank pari passu with each existing fully paid ordinary share in the Company. After the issue of the new ordinary shares, the Company's total issued capital, with voting rights, will be 13,447,111 ordinary shares of 1p each.
Application has been made for the admission to trading on AIM of 640,338 ordinary shares of 1p each and admission is expected to take place on 18 April 2013.
- Ends -
For further information please contact:
Turbotec Products Plc Robert Lowe, Non Executive Chairman +44 (0) 79 1714 8930 RLowe@trbohx.com Sunil Raina, Managing Director Tel: +1 (860) 731-4200 SRaina@trbohx.com www.turbotecproducts.com Robert Lieberman, Finance Director Tel: +1 (860) 731-4200 RLieberman@trbohx.com www.turbotecproducts.com Cantor Fitzgerald Europe Mark Percy / Catherine Leftley, Corporate Tel: +44 (0)20 7107 Finance 8000 Paul Jewell, Corporate Broking www.seymourpierce.com
Media enquiries:
Abchurch Communications Sarah Hollins / Simone Elviss Tel: +44 (0)20 7398 7714 www.abchurch-group.com
Electronic copies of this announcement can be obtained from the Company's website www.turbotecproducts.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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