Plutus PowerGen PLC Loan note conversion (5618X)
November 27 2017 - 1:02AM
UK Regulatory
TIDMPPG
RNS Number : 5618X
Plutus PowerGen PLC
27 November 2017
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Plutus PowerGen Plc / Ticker: PPG / Index: AIM
PLUTUS POWERGEN PLC
("Plutus", the "Group" or the "Company")
27 November 2017
Partial conversion of Loan Notes
Plutus PowerGen PLC (AIM: PPG), the AIM listed power company
focused on the development and operation of flexible energy
generation ('FlexGen') projects in the UK, has received a notice of
conversion of GBP100,000 of the unsecured Convertible Loan Notes
created by the Company on 22 December 2014. As set out at the time,
these loan notes convert at 0.8 pence per Ordinary Share and as
such the Company has applied for the listing of 12,500,000 new
ordinary shares of 0.1p each in the capital of the Company (the
"New Ordinary Shares") to be admitted to trading on AIM. Dealings
in the New Ordinary Shares are expected to become effective on or
around 30 November 2017. Following the issue of the New Ordinary
Shares, the Company will have 723,928,935 ordinary shares of 0.1
pence each in issue.
ENDS
For further information, please visit www.plutuspowergen.com, or
contact:
Charles Tatnall Plutus PowerGen Tel: +44 (0) 20
Plc 3705 8350
---------------- ------------------- ----------------
Phil Stephens Plutus PowerGen Tel: +44 (0) 20
Plc 3705 8352
---------------- ------------------- ----------------
Andrew Craig Cantor Fitzgerald Tel: +44 (0) 20
Europe 7894 8000
---------------- ------------------- ----------------
Richard Salmond Cantor Fitzgerald Tel: +44 (0) 20
Europe 7894 8000
---------------- ------------------- ----------------
Hugo de Salis St Brides Partners Tel: +44 (0) 20
Limited 7236 1177
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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