Loan Conversion
18 Septiembre 2008 - 6:52AM
UK Regulatory
RNS Number : 7563D
Marinetrack Holdings PLC
18 September 2008
MarineTrack Holdings Plc
("MarineTrack" or "the Company")
Loan Conversion
The Company announces that Jemima Hoskins has converted �200,000 of amounts owing to her by the Company into MarineTrack ordinary shares
of 0.01 pence nominal value ("Ordinary Shares") at a price of 0.2p per share. The loan was the subject of the Loan Agreement as described in
the Company's AIM admission document dated 3 July 2008.
Application has been made for the admission of these 100 million Ordinary Shares to trading on AIM with admission expected to take place
on 24 September 2008.
Following the loan conversion, Jemima Hoskins will hold 100 million shares, representing 13.5% of the Company's total voting rights.
Following the issue of these shares, the Company will have 740,495,580 Ordinary Shares in issue with voting rights. It holds no shares
in treasury.
Enquiries:
MarineTrack Holdings plc
James Butterfield
07770 225253
Grant Thornton UK LLP
Colin Aaronson
020 7383 5100
This information is provided by RNS
The company news service from the London Stock Exchange
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