16th Nov 2010 09:00
16 November 2010
Triple Plate Junction PLC
("Triple Plate" or "the Company")
Update re Relevant Securities
Pursuant to Rule 2.10 of The City Code on Takeovers and Mergers, the Company confirms that it has the following relevant securities:
·; The Company has 268,769,912 ordinary shares of 1 pence in issue.
·; The Company has £230,000 of convertible loan notes in issue which, if not redeemed, are convertible at 1 pence per share and would therefore give rise to the issue of 23,000,000 shares. In addition, on conversion, the holders of the convertible loan notes would be granted five year warrants on a one for one basis to subscribe for further shares at 1.2 pence per share; this could give rise to the issue of a further 23,000,000 shares. The loan notes carry a coupon of 10% and the loan note holder may elect to convert any accrued interest at the date of conversion into ordinary shares.
·; The Company has issued five year warrants to subscribe for 2 per cent. of the issued share capital of the Company, as at the time of exercise, at 2.5 pence per share at any time up to 16 November 2015.
·; The Company has also issued 17,000,000 warrants over 17,000,000 shares, to subscribe at 2.5 pence per share at any time up to 24 December 2010.
Enquiries:
For further enquiries please contact:
Triple Plate Junction Plc +44 (0) 20 7602 1570
Tony Shearer
Daniel Stewart & Company plc +44 (0) 20 7776 6550
Antony Legge / Oliver Rigby
Related Shares:
Tethyan Resources