1st Sep 2005 10:07
FOR IMMEDIATE RELEASE 1 September 2005 PNC TELECOM PLC ("PNC" or the "Company") CONVERSION OF LOAN NOTES At a Board Meeting of 31 August 2005, the Board accepted a request from CairnInvestment Holdings ("Cairn Investment") for the conversion of a ‚£30,000 LoanNote and has agreed to allot 30,000,000 new Ordinary shares at 0.1p per share(the "Shares") in accordance with the terms of the Loan Note Instrument. Thisholding represents 21.01% of the enlarged issued share capital of the Company.Cairn Investments Holdings has informed the Company that it now only holds30,000,000 shares in the Company.Application is being made for a total of 30,000,000 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 Adviser Tel: +44 (0) 207 628 3396 Roland Cornish/Noelle Greenaway ENDPNC TELECOM PLCRelated Shares:
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