RM Secured Direct Lending Sets Ratio For C Share Conversion (ALLISS)

14th Mar 2018 13:12

LONDON (Alliance News) - RM Secured Direct Lending PLC on Wednesday confirmed the ratio for its C share conversion to ordinary shares it announced in mid-February.

RM Secured has set the conversion ratio at 1.00384581 ordinary shares per C share, meaning a holder of 1,000 C shares will get 1,003 new ordinary shares under the conversion.

The company has applied for 30.1 million new shares to be admitted to trading in London, with admission expected on Monday next week.

The conversion, announced mid-February, comes after RM Secured invested over 85% of the capital raised in a C share issue in October.

Shares were up 0.4% on Wednesday at 101.90 pence each.

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