30th Mar 2011 09:30
CHARLES STANLEY GROUP PLC
(the "Company")
Conversion of Securities
The Directors of Charles Stanley Group Plc announce that they have received notice of a conversion in respect of convertible loan notes (the "Notes") of £84,402. The Notes were issued on 26th November 2004 as part of the consideration for the acquisition of the issued share capital of Sutherlands Group Ltd, as per the announcement dated 26th November 2004. The conversion price of the Notes was 248.7p per share and so the Company will issue and allot 33,935 new Ordinary Shares, conditional upon admission to the Official List of the UK Listing Authority.
Accordingly, an application has been made to the UK Listing Authority for these new Ordinary Shares to be admitted to the Official List and to the London Stock Exchange for trading. The new Ordinary Shares rank pari passu with the existing issued shares of the Company and admission and dealings are expected to commence on 31 March 2011.
Date of disclosure 30 March 2011
Company Secretary Gary Teper
Contact number (0) 20 77149 6627
Related Shares:
CAY.L