17th Jan 2006 07:00
3DM Worldwide PLC17 January 2006 3DM Worldwide plc ("3DM" or "the Company") Block admission The Company announces that it has established a block admission arrangement inrespect of the loan facility announced on 5 January 2006 (the "Loan FacilityBlock Admission Arrangement"). Under the Loan Facility Block Admission Arrangement, the Company can issue up to13,387,138 Ordinary Shares of 2.5p each, being 20 per cent. of the number ofshares currently in issue. The Company will issue a notification following theend of each calendar month containing the information set out in Schedule 8 tothe AIM Rules. The loan facility announced on 5 January allows for repayment of the loan of£4.75 million either in cash or through the issue of shares at a price based onthe lower of the average price of 3DM's shares during the 10 days prior to issue of the shares or the 10 days prior to the date of the loan agreement.Accordingly the number of shares to be issued in repayment of the loan may begreater or smaller than the maximum number of shares that can be issued underthe Loan Facility Block Admission Arrangement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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