Director Shareholding
November 30 2004 - 6:57AM
UK Regulatory
RNS Number:8203F
London Asia Capital PLC
30 November 2004
London Asia Capital PLC
("London Asia" or "the Company")
Shareholding in Company
The Company has been notified of a number of conversions, detailed below, of
Convertible Loan Notes into ordinary shares of the company.
Simon Littlewood, Chief Executive, said: "The conversion of the Loan Notes
strengthens our balance sheet by increasing the Company's net assets by over
#440,000 and saving the Company over #44,000 a year in interest payments, as
well as simplifying our shareholding structure."
* #51,334 by Temima Ltd, of which Simon Littlewood is a director, into
1,026,680 ordinary shares. Following the conversion, Temima Ltd holds
1,201,680 ordinary shares, equal to 0.94% of the enlarged share capital;
* #50,000 by Temima Investments Ltd, of which Simon Littlewood and Victor
Ng are directors, into 1,000,000 ordinary shares. Following the conversion,
Temima Investments Ltd holds 4,711,398 ordinary shares, equal to 3.70% of
the enlarged share capital;
* #78,083 by Barry Gold into 1,561,660 ordinary shares. Following the
conversion, he holds 1,801,660 ordinary shares, equal to 1.42% of the
enlarged share capital;
* #29,833 by Gerry Desler into 586,660 ordinary shares. Following the
conversion, he holds 586,660 ordinary shares, equal to 0.46% of the enlarged
share capital;
* #15,834 by Photo Distribution Ltd, of which George Allnutt is a
director, into 316,680 ordinary shares. Following the conversion, Photo
Distribution Ltd holds 3,316,680 ordinary shares, equal to 2.61% of the
enlarged share capital;
* #35,000 by Cougar Couriers Ltd, of which George Allnutt is a director,
into 700,000 ordinary shares. Following the conversion, Cougar Couriers Ltd
holds 1,801,660 ordinary shares, equal to 0.55% of the enlarged share
capital;
* #25,000 by Penhale Estate Ltd, of which George Allnutt is a director,
into 500,000 ordinary shares. Following the conversion, Penhale Estate Ltd
holds 1,801,660 ordinary shares, equal to 0.39% of the enlarged share
capital;
* #14,446 by George Allnutt into 288,920 ordinary shares. Following the
conversion, he holds 758,920 ordinary shares, equal to 0.60% of the enlarged
share capital;
* #23,304 by Jack Wigglesworth into 466,080 ordinary shares. Following the
conversion, he holds 466,080 ordinary shares, equal to 0.37% of the enlarged
share capital;
* #50,000 by Scarborough Development Group plc, of which Cesidio Di Ciacca
is a director, into 1,000,000 ordinary shares. Following the conversion,
Scarborough Development Group plc holds 1,000,000 ordinary shares, equal to
0.79% of the enlarged share capital;
* #51,333 by Esplanade Investors Ltd, of which Cesidio Di Ciacca is a
director, into 1,026,660 ordinary shares. Following the conversion,
Scarborough Development Group plc holds 1,000,000 ordinary shares, equal to
0.81% of the enlarged share capital;
* #20,000 by Information Based Resources Inc into 400,000 ordinary shares.
Application has been made to admit the new ordinary shares to be issued pursuant
to the conversions to trading on AIM and admission is expected on 6 December
2004. The total number of issued ordinary shares in the Company admitted to AIM
following the placing will be 127.3 million. Following the above conversions,
there are #56,333 of Convertible Loan Notes remaining outstanding.
ENQUIRIES:
Paul McManus, Binns & Co Tel 020 7153 1485
Mob: 07980 541 893
Simon Littlewood, CEO Tel 020 7248 7578
Jonathan Wright, Seymour Pierce Tel 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSBMBTTMMAJBII
London Asia Capital (LSE:LDC)
Historical Stock Chart
From Jun 2024 to Jul 2024
London Asia Capital (LSE:LDC)
Historical Stock Chart
From Jul 2023 to Jul 2024