PTC Pnc Telecom (see LSE:TRIC)

    FOR IMMEDIATE RELEASE 27 November 2006

                                PNC TELECOM PLC                                

                           ("PNC" or the "Company")                            

                                ISSUE OF EQUITY                                

At a Board Meeting on 22 November 2006, the Board received and accepted a
request from Cairns Investment Holdings Limited ("Cairns"), pursuant to the
issuance of Convertible Loan Notes totalling �500,000 convertible at 0.1p per
share at any time for 7 years from 29 April 2005 to 28 April 2012, for the
conversion of a �40,000 Loan Note and has agreed to allot 40,000,000 new
ordinary shares at 0.1p per share (the "Shares") in accordance with the terms
of the Loan Note Instrument.

The resulting holding of 40,000,000 ordinary shares will represent
approximately 19.22% of the enlarged issued share capital.

Application will be made for the Shares, which will rank pari passu with
existing ordinary shares, to be admitted to trading on AIM.

For further information:

PNC Telecom Plc                                                                
                                                                               
Leo Knifton                                           Tel: +44 (0) 207 251 3762
                                                                               

Beaumont Cornish Limited                                                       
                                                                               
Nominated Advisers                                    Tel: +44 (0) 207 628 3396
                                                                               
Roland Cornish                                                                 



END

Pnc Telecom (see LSE:TRIC) (LSE:PTC)
Historical Stock Chart
From Dec 2024 to Jan 2025

Pnc Telecom (see LSE:TRIC) (LSE:PTC)
Historical Stock Chart
From Jan 2024 to Jan 2025