Business
Convertible loan note - issue of equity
Convertible loan note - issue of equity.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0451K Rose Petroleum PLC 19 June 2014 \n \n\nRose Petroleum plc\n(\"Rose\" or the \"Company\")\nConvertible loan note - issue of equity\nRose Petroleum plc (AIM Ticker: ROSE) announces that it has applied for the 80,000,000 shares to be issued to the holders of its convertible loan note, namely Geiger Counter Limited and City Natural Resources High Yield Trust plc, (the \"Conversion Shares\") to be admitted to trading on AIM. Further details of the Conversion Shares are set out in Rose's announcement on 6 June 2014. Dealings in the Conversion Shares are expected to commence on or about 20 June 2014. \n40,000,000 shares are to be issued to each of Geiger Counter Limited and City Natural Resources High Yield Trust plc and, following the issue of the Conversion Shares, they will each be interested in 4.80% of the issued share capital of Rose as enlarged by the Conversion Shares.\nFollowing the issue of the Conversion Shares, the Company's issued share capital will consist of 872,673,658 ordinary shares of 0.1 pence each, with one voting right each, together with 190,108,108 deferred shares of 9.9p each with no voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company will be 872,673,658.\nThe above figure may be used by shareholders in the Company 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, the share capital of the Company.\nFor further information, please contact:\nRose Petroleum Plc +44 (0) 20 7225 4595\nMatthew Idiens, CEO\n &nb...