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HAO Invesco China Small Cap ETF

25.13
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Invesco China Small Cap ETF AMEX:HAO AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 25.13 0 01:00:00

Acquisition of debt

03/04/2003 12:25pm

UK Regulatory


RNS Number:5967J
Hanover Capital Group PLC
03 April 2003



3 April 2003

          Hanover Capital acquires the debt of Room Service Group PLC

Hanover Capital Group Plc (Hanover or the Company), the AIM quoted mining
investment company, has acquired the outstanding debt of #216,312.35 from the
creditors of Room Service Group PLC.  This debt has been acquired for the sum of
#104,041.17.  Some of the creditors have agreed to accept ordinary shares of 1p
each in the capital of Hanover (Ordinary Shares) at an issue price of 10p per
share, in full and final settlement of their debts, with the remainder of
#49,500.22 being settled in cash.  A total of 545,409 Ordinary Shares will be
issued as a result and Hanover will become the major creditor of Room Service
Group PLC. Application will be made for these new ordinary shares to be admitted
to trading on the Alternative Investment Market of the London Stock Exchange.

It is proposed that Room Service Group PLC will settle its #216,312.35
indebtedness to Hanover in due course by an issue of ordinary shares in Room
Service Group PLC.

Ron Lowenthal, executive director of Hanover, commented on the proposals:

 "The acquisition of the debt from the creditors of Room Service Group PLC
provides Hanover with the opportunity to become a substantial shareholder in
Room Service Group PLC in due course which we view as beneficial to Hanover."

                                     -Ends-

For further information please contact:

Ronald Lowenthal                                 Simon Robinson/ Ana Ribeiro

Hanover Capital Group Plc                        Parkgreen Communications

Tel: 0870 732 2208                               020 7287 5544


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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