Business
Issue of equity on conversion
Issue of equity on conversion.
About this update from Pulsar Group Plc
[{"type":"text","content":"\n RNS Number : 7836R Access Intelligence PLC 31 August 2010 \n \n\n \n \n \n \n \nACCESS INTELLIGENCE PLC \n(\"Access Intelligence\" or \"the Group\")\n(Innovative Software-as-Service Solutions) \n \n \nIssue of equity on conversion of Loan Notes\n \n \nAccess Intelligence announced on 10 July 2009 that it had entered into Convertible Loan Agreements in respect of £1.85 million (\"Loan Notes\").\n \nPursuant to the terms of the Loans, the Company has now received a notice from a Loan Note holder, SF t1ps Smaller Companies Growth Fund, that it wishes to convert £100,000 of Loan Notes into ordinary shares of the Company (\"Ordinary Shares\") at the conversion price of 4p per new Ordinary Share. \n \nThe Board have therefore allotted and issued 2,500,000 Ordinary Shares in satisfaction of this conversion of Loan Notes.\n \nThe new shares are expected to be admitted to trading on AIM on 1 September 2010.\n \nFollowing the issue of the 2,500,000 new Ordinary Shares the Company's capital will consist of 257,270,696 ordinary shares with voting rights. \n \nAccess Intelligence plc does not hold any ordinary shares in Treasury, therefore the total number of voting rights in Access Intelligence will be 257,270,696. \n \nThis figure may be used by shareholders 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, Access Intelligence plc under the FSA's Disclosure and Transparency Rules.\n \n \nFor further information:\n \n\n\n\n\nAccess Intelligence plc \n\n\n\n\n\n\n\nJeremy Hamer (Finance Director)\n\n\n07977 234 614\n\n\n\n\nAstaire Securities Plc\n\n\n\n\n\n\n\nShane Gallwey\n\n\n020 7492 4750\n\n\n\n\nCubitt Consulting \n\n\n020 7367 5100\n\n\n\n\nChris Lane / Nicola Krafft\n\n\n\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCKKODBNBKDKFB \n ","length":4892,"tagName":"div"}]