LP Hill PLC Conversion of Unsecured Loan Notes (5216K)
26 Junho 2014 - 3:00AM
UK Regulatory
TIDMLPH
RNS Number : 5216K
LP Hill PLC
26 June 2014
26 June 2014
LP Hill Plc
("LP Hill" or the "Company")
Conversion of unsecured loan notes
LP Hill (AIM: LPH), the AIM listed uranium, thorium, base and
precious metals and gemstones exploration and development company
operating in Madagascar, announces that Fisherstreet Management
Limited ("Fisherstreet") has elected to convert its unsecured loan
notes due 27 February 2015 (the "Notes") in full, into 3,333,333
new ordinary shares of 0.1 pence each in the capital of the Company
(the "Ordinary Shares"), at a conversion price of 6 pence per
Ordinary Share, in accordance with the terms of its convertible
loan note instrument.
Application will be made to the London Stock Exchange for the
3,333,333 new Ordinary Shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
and that dealings will commence at 8.00 a.m. on 1 July 2014.
Following the issue of the abovementioned new Ordinary Shares,
the Company's issued share capital will consist of 38,441,403
Ordinary Shares with voting rights. The Company does not hold any
Ordinary Shares in treasury and accordingly there are no voting
rights in respect of any treasury shares.
The above figure of 38,441,403 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, LP Hill under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
Following the abovementioned allotment of new Ordinary Shares,
Fisherstreet is now interested in 3,333,333 Ordinary Shares,
representing approximately 8.67 per cent. of the Company's enlarged
issued share capital.
For further information, please contact:
LP Hill Plc Tel: +61 8 9368 1566
Bernard Olivier, Non-Executive Chairman Mob: +61 4 0894 8182
Strand Hanson Limited (Nominated Adviser) Tel: +44 (0)20 7409 3494
James Harris
Matthew Chandler
James Dance
Pareto Securities Limited (Broker) Tel: +44 (0)20 7786 4370
Guy Wilkes
or visit: www.lphill.com.au
This information is provided by RNS
The company news service from the London Stock Exchange
END
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