30th Jun 2009 14:07
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
AMENDMENT TO RNS 7350U ISSUED 7.00 30 JUNE 2009
Due to a formatting error the table of significant shareholders was truncated.
30 June 2009
Midas Capital PLC
("Midas" or the "Company")
Completion of restructuring of loan facilities
Midas Capital plc, the AIM quoted company encompassing Fund Management, Wealth Management and Corporate Services, announces that, following receipt of the appropriate regulatory approvals, it has completed the restructuring of its' loan facilities with Bank of Scotland plc. The proposed restructuring of the loan facilities had been announced on the 18 May 2009 and was approved by shareholders at the General Meeting of the Company held on 3rd June 2009.
As part of the restructure of the loan facilities 12,242,594 new ordinary shares of 0.1 pence each in the ordinary share capital of the Company have been issued to Bank of Scotland plc. It is expected that these new ordinary shares will be admitted to trading on AIM and dealings in the enlarged share capital will commence on AIM at 8.00 a.m. on 30 June 2009 ("Admission").
Following Admission, the Company's issued ordinary share capital will comprise 69,578,514 ordinary shares of 0.1 pence each with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
Following the issue of new shares to Bank of Scotland plc the following shareholders have shareholdings greater than 3% of the enlarged share capital:
|
Shares |
% |
|
|
Bank of Scotland plc |
12,242,594 |
17.60% |
|
S W Edwards |
9,562,977 |
13.74% |
|
CF Miton Special Situations Fd |
2,475,000 |
3.56% |
|
Hiscox PLC |
2,093,388 |
3.01% |
For further information, please contact:
|
Colin Rutherford, Executive Chairman, Midas
|
07500 966416
|
|
Roland Cross, Director, Broadgate
|
020 7726 6111
|
|
Richard Vaughan/Matt Stoate, Kinmont
|
020 7087 9100
|
|
(Financial Advisor to Midas)
|
|
|
James Steel, Arbuthnot Securities Limited
|
020 7012 2000
|
|
(Nominated Advisor and Broker to Midas)
|
|
Web: www.midascapitalplc.com
Kinmont Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial advisor to the Company in relation to the matters referred to in this announcement and no one else and will not be responsible to any other person for providing the protections afforded to clients of Kinmont or for providing advice in relation to the matters referred to in this announcement.
Related Shares:
MGR.L