AVI Avisen

RNS No 2354t
AVAILEON PLC
6 April 1999



Directors Dealing

Mr Leon Lenik, a Director of Availeon has notified the Company that on 1
April, 1999 he transferred to Mr Martyn Holder, the operations director of
Availeon's catering subsidiaries, a total of 150,000 Ordinary Shares in
Availeon by way of a gift for a nominal consideration.  Following this
transaction Mr Leon Lenik holds a total of 1,377,577 Ordinary Shares (1.0%).

Conversion of Convertible Unsecured Loan Stock

Following the exercise of conversion rights over a #602,000 nominal of the
Company's Convertible Unsecured Loan Stock at a conversion price of 2p, the
Company has allotted a total of 30,100,000 new Ordinary Shares of 2p each. 
These shares are subject to listing and application will be made for these new
Ordinary Shares to be admitted to the official List of the London Stock
Exchange.

As a result of the exercise of conversion rights, the Company has been
notified of the following interests in the enlarged share capital of the
Company:

G.W.L. Smith Discretionary Settlement       4,300,000       (3.1%)
B & C Plaza Limited                         7,500,000       (5.3%)
A.K. Robertson                             10,100,000       (7.2%)




END

RDABLGBSDUGCCCL

Avisen (LSE:AVI)
Historical Stock Chart
From Jun 2024 to Jul 2024

Avisen (LSE:AVI)
Historical Stock Chart
From Jul 2023 to Jul 2024