Business
Conversion of Loan Stock
Conversion of Loan Stock.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n Brainspark PLC\n03 January 2006\n\n\nFor immediate release 3 January 2006\n\n\n Brainspark plc\n ('Brainspark' or the 'Company')\n Conversion of Loan Stock\n\nFurther to the announcements made on 2 and 23 December 2005, Company has issued\nand allotted a total of 138,423,912 new ordinary shares of 0.01p each ('new\nordinary shares') pursuant to exercise notices received in respect of the\n£850,000 convertible loan stock .\n\nThe new ordinary shares will rank, pari passu, with the existing shares in issue\nand application will be made for the new ordinary shares to be admitted to\ntrading on AIM. However, as announced on 2 December 2005, the new ordinary\nshares are subject to twelve month 'lock in' arrangements.\n\nThe total number of ordinary shares in issue is now 330,697,003.\n\nAs a result, the following changes have occurred to the Directors' holdings:\n\n New ordinary Total holding % of enlarged \n shares issued following issued share \n conversions capital\n\nFrancesco Gardin 36,000,000 67,903,278 20.53\nAlfredo Villa 51,389,130 51,389,130 15.54\nDennis Bailey 10,869,565 10,869,565 3.29\n(Proposed Director) \n\n\nIn addition, the following changes have occurred to the holders of more than 3\nper cent. of the Company's issued share capital:\n\n New ordinary Total holding % of enlarged \n shares issued following issued share \n conversions capital\n\nLuigi Fogliani 29,481,304 29,401,304 8.89\n\nCross Atlantic - 33,916,050 10.26\nPartners Technology \nFund LP*\n\n\n* Mr Don Caldwell, a Director of Brainspark, is founder and Chairman of Cross\nAtlantic.\n\n\nENDS\n\n\nFurther information\n\nFrancesco Gardin, Brainspark 020 7843 9838\nRoland Cornish, Beaumont Cornish Limited 020 7628 3396\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2568,"tagName":"div"}]