8th Jun 2015 15:14
LONDON (Alliance News) - Westminster Group PLC Monday said it is issuing about 1.4 million shares to Darwin Strategic Ltd, after the investment company asked for its loan notes to be converted into equity.
According to Westminster's statement, Darwin asked to convert GBP250,000 zero coupon senior unsecured convertible loan notes.
The conversion price is set at 18.45 pence.
Westminster will have 56.5 million shares in issue.
Westminster shares were down 4.6% at 21.00p on Monday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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