17th Aug 2007 08:05
3DM Worldwide PLC17 August 2007 3DM Worldwide plc ("3DM" or "the Company") Block admission The Company announces that it has established an extension to the blockadmission arrangement announced on 17 January 2006 in relation to of the loanfacility announced on 5 January 2006 (the "Loan Facility Block AdmissionArrangement"). Under the Loan Facility Block Admission Arrangement, the Company has theauthority to issue up to 34,737,337 Ordinary Shares of 2.5p each ("OrdinaryShares"), being 20.00 per cent. of the number of shares currently in issue.However, this extension is limited to 10,000,000 Ordinary Shares, being thenumber of Ordinary Shares required to meet the maximum conversion under the loanfacility from the date of this announcement until the date of the EGM (23 August2007). One of the resolutions of the aforementioned EGM relates to the proposedrepayment of the entire outstanding loan facility. Should shareholders approvethis proposal, the block listing will no longer be required and will thereforebe cancelled. The Company will continue to issue notifications following the end of eachcalendar month containing the information required under in Schedule 8 to theAIM Rules. The loan facility announced on 5 January 2006 allows for repayment of the loanof £4.75 million either in cash or through the issue of shares at a price basedon the lower of the average price of 3DM's shares during the 10 days prior toissue 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. 17 August 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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