EVT Eurovestech

 
TIDMEVT 
 
2 July 2012 
 
                                Eurovestech plc 
 
                       ("Eurovestech" or the "Company") 
 
                   Further re. sale of investment in ToLuna 
 
Eurovestech is pleased to announce that following the conversion of all the 
outstanding loan notes issued by ITWP Acquisitions Limited ("ITWP"), in 
connection with its acquisition of ToLuna plc ("ToLuna") in April 2011, into 
ordinary shares of GBP0.01 each in the capital of ITWP ("ITWP Shares"), the 
Company is now interested in 16.5 per cent. of the issued share capital of 
ITWP, which owns the entire issued share capital of ToLuna. 
 
On 14 February 2011, Eurovestech announced that ToLuna, its largest investee 
company, had announced the terms of the acquisition of ToLuna by ITWP which was 
implemented by way of a scheme of arrangement under Part 26 of the Companies 
Act 2006 ("Scheme"). 
 
Under the terms of the Scheme, Eurovestech received consideration in the form 
of 1,051,828,838 ordinary shares of GBP0.01 each in the capital of ITWP ("ITWP 
Shares") and GBP35,000,000 in nominal value of B loan notes and GBP2,187,046.02 in 
nominal value of C loan notes to be issued by ITWP. On 23 June 2011, the 
Company announced that it had received GBP25 million in cash following the 
repayment of GBP25 million nominal of B loan notes. 
 
Under the terms of the Scheme any loan notes which remained outstanding at 30 
June 2012 were to be compulsorily convertible into ITWP Shares, subject to 
conditions, at a rate of one ITWP Share for each 1 penny in nominal value of 
loan notes. At 30 June 2012, GBP10,000,000 in nominal value of B loan notes and GBP 
2,187,046.02 in nominal value of C loan notes to be issued by ITWP remained 
outstanding. Accordingly, Eurovestech has been issued with 1,218,704,602 ITWP 
Shares, which brings its total holding to 2,270,533,440 ITWP Shares, 
representing 16.5 per cent. of the issued share capital of ITWP. 
 
Further information: 
 
Eurovestech plc 
 
Richard Bernstein                       Tel: 020 7478 9070 
 
Chief Executive                         www.eurovestech.com 
 
Merchant Securities Limited (NOMAD) 
 
David Worlidge/Simon Clements           Tel: 020 7628 2200 
 
 
 
 
END 
 

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