25th Jan 2012 14:52
TAU CAPITAL PLC
("Tau")
PRIVATE EQUITY INVESTMENT
CONVERSION INTO EQUITY
Tau announces today that, following the receipt by Lucent Petroleum LLP ("Lucent") of the official letter from the Ministry of Oil and Gas of Kazakhstan providing a State Waiver of its right to purchase new shares of the company, and approval for the issuance of an additional 86 shares to Tau, the Convertible Bridge Loan originally provided by Tau to Lucent has been converted into equity.
Post-conversion, Tau directly holds a 6.18% equity interest in Lucent Petroleum LLP.
Further information, please contact:
IOMA Fund & Investment Management Ltd Cynthia Edwards
| Tel: +44 (0) 1624 681250 |
Numis Securities Limited Nominated Adviser: Nick Westlake/Hugh Jonathan Corporate Broking: Alex Ham | Tel: +44 (0) 20 7260 1000
|
Related Shares:
TAU.L