12th Oct 2010 08:00
Environmental Recycling Technologies plc (the "Company")
Admission of Debt Repayment and Placing
On 6 October 2010, the Company announced a repayment of debt by the issue of 14,000,000 new ordinary shares of 2.5 pence ("Ordinary Shares") in the Company (the "Debt Shares") at par value (the "Issue Price") in settlement of amounts due to creditors. The issue of the Debt Shares will reduce the creditors of the Company by £350,000. At the same time the Company also announced that it has raised £350,000 by way of a placing of 14,000,000 new Ordinary Shares at the Issue Price (the "Placing Shares").
The Company is pleased today to confirm the admission to trading on the AIM market of the London Stock Exchange of the Debt Shares and the Placing Shares.
12 October 2010
Enquiries:
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Environmental Recycling Technologies plc |
Tel: 0845 071 1394 |
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Roger Baynham (Managing Director) |
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Ken Brooks (Chairman) |
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Evolution Securities |
Tel: 020 7071 4300 |
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Tim Worlledge |
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Bobbie Hilliam |
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Related Shares:
ENRT.L