Business
Conversion of Loan Note
Conversion of Loan Note.
About this update from Physiomics Plc
[{"type":"text","content":"\n RNS Number : 3955E Physiomics PLC 18 December 2009 \n \nPhysiomics plc\n\n(the \"Company\")\n\nConversion of Loan Note\n\nThe Company announces that pursuant to the terms of a loan note dated 8 February 2008 and made between (i) Energiser Investments plc and (ii) the Company, (the \"Loan Note\"), Energiser Investments plc has requested that the full amount drawn down under the Loan Note be converted into ordinary shares in the Company.\n\nUnder the Loan Note, which was announced to the market on 15 February 2008, Energiser Investments plc (formerly Billam plc) advanced £50,000 to the Company, which is convertible into ordinary shares at a price of 0.1p per share.\n\nThe total number of shares to be issued to Energiser Investments plc, pursuant to the terms of the loan note, is therefore 50,000,000 Ordinary Shares (the \"Conversion Shares\")\n\nApplication has been made to admit the Conversion Shares to trading on AIM, and dealings in the Conversion Shares is expected to commence on 24 December 2009. Following the issue of the Conversion Shares, the total issued share capital of the Company will be 998,570,699 Ordinary Shares.\n\nOn 9 December 2009 it was announced that Energiser Investments plc then held 100,004 ordinary shares in the Company. Following the issue of the Conversion Shares and taking into account the holding notified on 9 December 2009, Energiser Investments plc will hold 50,100,004 Ordinary Shares in the Company, representing 5.017% of the then issued share capital. \n\n\nEnquiries:\n\nPhysiomics plc \nDr Christophe Chassagnole, COO \n+44 (0)1865 784980\n\nWH Ireland Limited\nKaty Mitchell\n+44 (0) 161 832 2174\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGMMZFRDGLZM \n ","length":3418,"tagName":"div"}]