APC Technology Group PLC Conversion of Loan Notes and Issue of Shares (3184E)
July 15 2016 - 5:23AM
UK Regulatory
TIDMAPC
RNS Number : 3184E
APC Technology Group PLC
15 July 2016
15 July 2016
APC Technology Group PLC
("APC" or the "Group")
Conversion of loan notes and issue of shares
APC Technology Group plc (AIM: APC), the provider of
technologies and services intended to help improve organisational
sustainability and the specialist distributor of electronic
components, announces that it has issued 588,235 Ordinary Shares of
2p in respect of the conversion of GBP50,000 loan notes held by Mr
Robert Holt at a conversion price of 8.5 pence per share. In
addition it will issue 461,760 Ordinary Shares of 2p to Mr Holt at
a price of 8.5p for cash of GBP39,250.
Application will be made to the London Stock Exchange for the
shares to be admitted to trading on AIM and it is expected that
such Admission will occur at 8.00 a.m. on 21 July 2016. Following
Admission, the Company will have 113,929,777 Ordinary Shares in
issue, none of which will be held in treasury. Therefore the total
number of ordinary shares in the Company with voting rights will be
113,929,777. This figure 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 the Company under
the FCA's Disclosure and Transparency Rules.
Post this issue Mr Holt will hold 3,450,000 shares in the Group
which represents 3% of the issued shares.
Enquiries:
APC Technology Group PLC +44 (0) 330 313 3220
Leonard Seelig, Chairman www.apc-plc.co.uk
Richard Hodgson, Chief Executive
Stockdale Securities Limited
(Nominated Advisor and Broker) 020 7601 6100
Mark Brown / Antonio Bossi
Redleaf Communications (Financial
PR) 020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKPDBCBKKDOD
(END) Dow Jones Newswires
July 15, 2016 05:23 ET (09:23 GMT)
Apc Technology (LSE:APC)
Historical Stock Chart
From Apr 2024 to May 2024
Apc Technology (LSE:APC)
Historical Stock Chart
From May 2023 to May 2024