16th Nov 2009 13:40
JSJS Designs Plc ("JSJS Designs" or "the Company")
Issue of Equity
16 November 2009
Further to the announcement released on 17 September 2009 in relation to a Convertible Loan Agreement, JSJS Designs Plc (AIM:JSJS), today announces that Centaur Financial Services Limited ("Centaur") has agreed to convert its £160,000 debt into 16,000,000 Ordinary Shares of 0.1p each, representing 8 per cent of the enlarged issued share capital of the Company. Under the terms of the Convertible Loan Agreement these shares have been allotted and issued at 1p.
Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 20 November 2009. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 216,000,000 ordinary shares of 0.1 pence each in issue.
In accordance with the transitional provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital comprises 216,000,000 Ordinary Shares of 0.1 p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 216,000,000.
This figure may be used by shareholders 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, the share capital of the Company under the Disclosure and Transparency Rules.
Following this transaction all of the previously outstanding convertible debt will be converted into equity.
For further information please contact:
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John Shermer
CEO, JSJS Designs Plc
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Telephone
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01902 500 562
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Tim Cofman
WH Ireland
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Telephone
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0121 265 6330
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Katie Dale
Golley Slater Group Limited
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Telephone
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0121 384 9743
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About JSJS Designs plc
JSJS Designs plc develops home automation systems to enable consumers to remotely operate everyday household appliances, such as lighting, heating, air conditioning, door entry, audio, video and security. The Company is targeting the potentially significant mass market as consumers increasingly seek to "retro-fit" Smart Home technologies into their homes and, in the longer term, the "Extra Care" residential market where there is demand from the providers of such schemes to enable independent living for the elderly and physically immobile.
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