PTC Pnc Telecom (see LSE:TRIC)

 
TIDMPTC 
 
For immediate release 8 July 2009 
 
                               P N C TELECOM PLC 
 
                       ("PNC Telecom" or "the Company") 
 
                                Issue of Equity 
 
                                 Shareholding 
 
The Board received and accepted a request from Darren Ridge to convert a 
GBP50,000 convertible loan note and has agreed to issue and allot 50,000,000 new 
ordinary shares at 0.1p per share in accordance with the terms of that note. 
This note was included in a tranche of convertible loan notes totalling 
GBP500,000 convertible at 0.1p per share at any time for seven years from 29 April 
2005 to 28 April 2012. 
 
In addition, the Board received and accepted a request from Darren Ridge to 
convert a GBP10,000 convertible loan note and has agreed to issue and allot 
10,000,000 new ordinary shares at 0.1p per share in accordance with the terms 
of that note. This note was included in a tranche of convertible loan notes 
totalling GBP120,000 convertible at 0.1p per share at any time for seven years 
from 17 February 2005 to 16 February 2012 which were issued in February 2005. 
 
Application will be made for a total of 60,000,000 new ordinary shares which 
will rank pari passu with the existing ordinary shares to be admitted to 
trading on AIM. 
 
Darren Ridge currently holds 53,125,000 shares and with the further 60 million 
shares his holding of 113,125,000 will represent approximately 11.68% of the 
increased issued share capital. 
 
PNC Telecom Plc 
 
Leo Knifton Tel: + 44 (0) 207 251 3762 
 
Beaumont Cornish Limited 
 
Roland Cornish Tel: +44 (0) 207 628 3396 
 
 
 
END 
 

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