Further re. Debt Capitalisation Issue>
Further re. Debt Capitalisation Issue
(Thomson Reuters ONE) - Hidefield Gold plc Further re. Debt Capitalisation IssueFurther to the announcement made by Hidefield Gold plc ("Hidefield"or "the Company") on 1 May 2009 in respect of the capitalisation ofamounts owed by the Company to Hamilton Capital Partners Limited("Hamilton"), George Robinson and Abdul Rahman Kayed (together the"Lenders"), the Company is pleased to announce that it has issued andallotted 73,135,900 ordinary shares to the Lenders.BackgroundPursuant to a loan agreement dated 30 April 2009 (the "LoanAgreement"), the Lenders consolidated advances made to the Companyand formalised the terms of the advances. The Company announced on 1May that it had reached agreement with the Lenders to capitaliseamounts owing by the Company pursuant to the Loan Agreement.In aggregate, an amount of up to £1,321,359 owing to the Lenderswould be released in consideration for the issue of up to 132,135,900new ordinary shares of 1p each ("Ordinary Shares") at a price of 1peach. Of this amount, 59,000,000 Ordinary Shares were issued to theLenders resulting in the release of loans totalling £590,000 (the"First Subscription").The release of the balance of the loans of £731,359 through the issueof 73,135,900 Ordinary Shares (the "Second Subscription") wasconditional upon, inter alia, (a) the passing of necessaryresolutions at a general meeting of the Company held on 20 May 2009(the "General Meeting"); and (b) the Lenders not being deemed to beacting in concert with each other for the purposes of the City Codeon Takeovers and Mergers (the "City Code").As announced on 20 May 2009, all resolutions proposed at the GeneralMeeting were passed and the Panel has now ruled that the Lenders arenot deemed to be acting in concert for the purposes of the CityCode. As a result, the Second Subscription has now taken place.Resultant HoldingsFollowing the Second Subscription, Hamilton, George Robinson andAbdul Rahman Kayed hold the following shares in the Company: Hamilton George Robinson Abdul Rahman KayedPrevious holding 38,961,675 29,392,352 29,500,000Shares issued at Second 19,379,000 13,413,100 40,343,800SubscriptionTotal shareholding 58,340,675 42,805,452 69,843,800% of enlarged share capital 14.22% 10.43% 17.03%The enlarged issued share capital of the Company following the SecondSubscription is 410,235,311. The new Ordinary Shares are expected tobe admitted to trading on AIM on 6 July 2009.Enquiries:Hidefield Gold plcKen Judge, Chairman+ 44 773 300 1002Investor RelationsJon Bey: North America+ 1 800 689 2599Hanson Westhouse LimitedTim Feather / Matthew Johnson+ 44 113 246 2610---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="GOGL - Approved Prospectus>
">
" alt="New share issue in Biovitrum AB (publ)>
">Datum: 30.06.2009 - 11:08 Uhr
Sprache: Deutsch
News-ID 1002334
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
London
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 329 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Further re. Debt Capitalisation Issue>
"
steht unter der journalistisch-redaktionellen Verantwortung von
Hidefield Gold PLC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
