9th Sep 2009 11:30
9 September 2009
LP Hill Plc
("LP Hill" or the "Company")
Conversion of Convertible Loan Note
Change of Adviser
LP Hill (AIM: LPH.L) announces that further to the assignment of the Convertible Loan Note (the "Note") to Almaretta Pty Limited ("Almaretta"), as announced on 7 August 2009, the Note was converted on 3 September 2009 in full into 5,000,000 new ordinary shares of 0.1p each in the capital of the Company (the "Ordinary Shares") at a conversion price of 1p per Ordinary Share.
Accordingly, Almaretta is now interested in 5,200,000 Ordinary Shares representing approximately 22.83 per cent. of the Company's enlarged issued ordinary share capital.
Application will be made for the 5,000,000 new Ordinary Shares to be admitted to trading on AIM, as and when the current suspension from trading of the Company's existing issued share capital is lifted.
Following the issue of these new Ordinary Shares the Company's issued share capital will consist of 22,772,780 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury.
The above figure of 22,772,780 Ordinary Shares 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 to their interest in, LP Hill under the Financial Service Authority's Disclosure and Transparency Rules.
LP Hill is also pleased to announce the appointment of Strand Partners Limited as Nominated Adviser to the Company with immediate effect.
Enquiries:
|
LP Hill Plc Gerry Nealon Nigel Weller |
Tel: +61 417 541 873 Tel: +44 (0)7769 906 906 |
|
Strand Partners Limited James Harris Matthew Chandler David Altberg |
Tel: +44 (0)20 7409 3494 |
Related Shares:
EMM.L