Additional Listing/ Dir. Hldg
July 04 2006 - 4:35AM
UK Regulatory
RNS Number:6158F
London Asia Capital PLC
04 July 2006
London Asia Capital PLC
("London Asia" or "the Company")
Additional Listing, Director Shareholding and Change of Registered Office
Scarborough Property Investment Company Ltd ("SPIC"), of which Cesidio Di
Ciacca, London Asia non-executive director, is also a director, has exercised
50,000 warrants attached to Convertible Loan Notes issued in May 2003, which
convert into 1,000,000 ordinary shares in the Company at an exercise price of 5p
per share.
Following the exercise of the warrants, SPIC no longer has a holding of warrants
in the Company, but holds together with associated companies 2,845,000 ordinary
shares, equal to 1.3% of the ordinary share capital of the Company.
Following the exercise noted above, there remain 245,583 warrants outstanding
related to the convertible loan note financing undertaken in 2003, convertible
into 4,911,660 ordinary shares at an exercise price of 5p per share. The
warrants expire on 15 March 2008.
Application will be made to admit the 1,000,000 new ordinary shares to trading
on AIM and admission is expected on 7 July 2006. The total number of issued
ordinary shares in the Company following the issue will be 225,595,262.
In addition, the Company was notified on 30th June that non-executive director
Cesidio Di Ciacca sold 10,500 ordinary shares in the Company on 29th June. Mr Di
Ciacca now holds 94,000 ordinary shares, representing 0.04% of the ordinary
share capital of the Company.
The Company also notifies that it has changed its registered office to 140B High
Street, Ongar, Essex, CM5 9JH.
For further information please visit www.londonasia.com or contact:
Stephen Lucas John West/Matt Ridsdale
London Asia Tavistock Communications
Tel: 020 7355 7925 Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
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