Business
Conversion of Loan Note
Conversion of Loan Note.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \nRNS Number : 1121C Sirius Real Estate Limited 23 June 2016 \n\n \n \n23 June 2016\nSirius Real Estate Limited\n(\"Sirius Real Estate\" or the \"Company\")\nConversion of Convertible Loan Notes\n \nSirius Real Estate, the leading operator of branded business parks providing conventional and flexible workspace to the German market, announces that the Karoo Investment Fund S.C.A. SICAV-SIF (\"Karoo\") has served notice to convert its €5,000,000 5% convertible loan notes due 2018 (the \"Convertible Loan Notes\"), in full, into, in aggregate, 22,814,731 new ordinary shares (the \"Conversion Shares\") at the conversion price of €0.2191566 per Ordinary Share, as adjusted in accordance with the terms and conditions of the Convertible Loan Notes.\nDetails of the issue of the Convertible Loan Notes are set out in the Company's announcement dated 22 March 2013.\nApplication has been made for the above mentioned 22,814,731 Conversion Shares to be admitted to trading on the AIM market of the London Stock Exchange Plc and to be listed on the AltX of the Johannesburg Stock Exchange (\"Admission\").\nIt is expected that Admission of the Conversion Shares will become effective and that dealings will commence in the Conversion Shares on 28 June 2016 at 8 a.m. (BST) on AIM and at 9 a.m. (CAT) on AltX.\nFollowing Admission, the total number of voting rights in the Company will be 831,717,000 the number of shares in treasury shall be 1,062,058 and the total number of ordinary shares in issue (including those in treasury) will be 832,779,058. \nFor further information:\nSirius Real Estate \nAndrew Coombs, CEO ...