Conversion of Loan Note

RNS Number : 6863V

Hardide PLC

16 January 2013

 



16 January 2013

Hardide PLC ("Hardide" or the "Company")

Conversion of Loan Note

Hardide (AIM:HDD), the provider of unique metal surface engineering technology, announces that a loan note holder has notified the Company that it intends to convert its convertible loan note of £225,000, issued in June 2008, into 50,000,000 new ordinary shares of 0.1p each of the Company at a price of 0.45p per share ("New Ordinary Shares").

Following this conversion, the Company has one outstanding convertible loan note of £633,000 which is convertible at a price of 0.45p per share.

An application will be made for the New Ordinary Shares to be admitted to AIM and it is expected that dealings will commence on 21 January 2013.

Following the above share issue, there will be 1,021,474,638 ordinary shares of 0.1p each in Hardide in issue.

For further information contact:

Hardide plc	www.hardide.com
Peter Davenport, Finance Director	Tel: [phone]
N+1 Singer	www.n1singer.com
Andrew Craig, Ben Wright	Tel: [phone]

 

END

 

 

MSCLLFIFLDIRLIV