15th Aug 2005 16:52
FOR IMMEDIATE RELEASE 15 August 2005 PNC TELECOM PLC ("PNC" or the "Company") ISSUE OF EQUITY At a Board Meeting of 15 August 2005, the Board accepted a request fromCotmanfield Limited for the conversion of a ‚£5000 Loan Note and has agreed toallot 5,000,000 new Ordinary shares at 0.1p per share (the "Shares") inaccordance with the terms of the Loan Note Instrument. Cotmanfield Limited'stotal holding now represents 12.03% of the enlarged issued share capital of theCompany.Also, the Board accepted a request from Cairn Investment Holdings for theconversion of a ‚£10,000 Loan Note and has agreed to allot 10,000,000 newOrdinary shares at 0.1p per share (the "Shares") in accordance with the termsof the Loan Note Instrument, a holding which represents 12.03% of the enlargedissued share capital of the Company.Application is being made for a total of 15,000,000 new Ordinary shares of 0.1pto be admitted to trading on AIM.For further information:PNC Telecom Plc Leo Knifton Tel: +44 (0) 207 251 3762 Beaumont Cornish Limited Nominated Advisers Tel: +44 (0) 207 628 3396 Roland Cornish / Noelle Greenaway ENDPNC TELECOM PLCRelated Shares:
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