CONVERSION OF LOAN STOCK
Further to the announcement made on 8 December 2017, the Company is pleased to announce that at the meeting of the Loan Stock holders held earlier today the proposed changes to the terms of the Loan Stock were formally approved. Application has been made for 2,535,947 new ordinary shares of 20p each in the Company ("Ordinary Shares") to be admitted to trading on AIM, and dealings are expected to commence on 28 December 2017.
The following Directors converted Loan Stock and their resultant holdings are as follows:
Ordinary Shares issued pursuant to the conversion of Loan Stock
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares. The Company's issued share capital now consists of 9,999,378 Ordinary Shares. Accordingly, the figure of 9,999,378 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 the Company under the FCA's Disclosure Guidance and Transparency Rules.