14th Jul 2016 08:56
LONDON (Alliance News) - Westminster Group PLC on Thursday said it has issued 1.6 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 GBP210,000 unsecured convertible loan notes. The conversion price was set at 12.977 pence.
Westminster said, after the transaction, its issued share capital stands at 87.1 million shares in issue, and noted that Darwin now holds no more loan notes.
Shares in Westminster were up 8.0% at 16.48p on Thursday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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