Business
Convertible Loan Notes & Notice of General Meeting
Convertible Loan Notes & Notice of General Meeting.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 9711C Managed Support Services PLC 15 March 2011 \n \n\n \nFOR IMMEDIATE RELEASE \n 15 March 2011\nManaged Support Services plc\n(\"MSS\" or the \"Group\")\n \n \nProposed issue of Convertible Loan Notes and Notice of General Meeting\n \n \nFurther to the announcement made on 10 March 2011 (RNS No. 6557C), MSS confirms that it has raised £500,000 by way of the issue of Convertible Loan Notes, conditional only on the passing of the appropriate resolutions at the forthcoming General Meeting on 31 March 2011. \nThe Convertible Loan Notes will pay interest on the principal amount at 7 per cent. per annum and will be convertible at anytime into new MSS Ordinary Shares at a conversion price of 5 pence per Ordinary Share. If conversion does not take place before 31 January 2015, the Convertible Loan Notes will be redeemed by the Company. The Convertible Loan Note issue has not been underwritten but the Company is in receipt of written commitments from the proposed investors. \nThe Company has today posted a Circular to shareholders convening a General Meeting and containing full details of the proposed Convertible Loan Note issue. A copy of this circular can be found on the Company's website at www.mssplc.com.\n \n \nFOR FURTHER INFORMATION, PLEASE CONTACT:\n\n\n\n\nManaged Support Services plc:\n\n\n\n\n\n\n\n Simon Beart, Chief Executive\n Piers Wilso...