Conversion of Loan Note

RNS Number : 3955E

Physiomics PLC

18 December 2009

 



Physiomics plc

(the "Company")

Conversion of Loan Note

The Company announces that pursuant to the terms of a loan note dated 8 February 2008 and made between (i) Energiser Investments plc and (ii) the Company, (the "Loan Note"), Energiser Investments plc has requested that the full amount drawn down under the Loan Note be converted into ordinary shares in the Company.

Under the Loan Note, which was announced to the market on 15 February 2008, Energiser Investments plc (formerly Billam plc) advanced £50,000 to the Company, which is convertible into ordinary shares at a price of 0.1p per share.

The total number of shares to be issued to Energiser Investments plc, pursuant to the terms of the loan note, is therefore 50,000,000 Ordinary Shares (the "Conversion Shares")

Application has been made to admit the Conversion Shares to trading on AIM, and dealings in the Conversion Shares is expected to commence on 24 December 2009. Following the issue of the Conversion Shares, the total issued share capital of the Company will be 998,570,699 Ordinary Shares.

On 9 December 2009 it was announced that Energiser Investments plc then held 100,004 ordinary shares in the Company. Following the issue of the Conversion Shares and taking into account the holding notified on 9 December 2009, Energiser Investments plc will hold 50,100,004 Ordinary Shares in the Company, representing 5.017% of the then issued share capital. 

Enquiries:

Physiomics plc                                                   

Dr Christophe Chassagnole, COO 

[phone]

WH Ireland Limited

Katy Mitchell

[phone]

 

END

 

 

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