RNS Number:3098C
3DM Worldwide PLC
17 August 2007
3DM Worldwide plc ("3DM" or "the Company")
Block admission
The Company announces that it has established an extension to the block
admission arrangement announced on 17 January 2006 in relation to of the loan
facility announced on 5 January 2006 (the "Loan Facility Block Admission
Arrangement").
Under the Loan Facility Block Admission Arrangement, the Company has the
authority to issue up to 34,737,337 Ordinary Shares of 2.5p each ("Ordinary
Shares"), being 20.00 per cent. of the number of shares currently in issue.
However, this extension is limited to 10,000,000 Ordinary Shares, being the
number of Ordinary Shares required to meet the maximum conversion under the loan
facility from the date of this announcement until the date of the EGM (23 August
2007). One of the resolutions of the aforementioned EGM relates to the proposed
repayment of the entire outstanding loan facility. Should shareholders approve
this proposal, the block listing will no longer be required and will therefore
be cancelled.
The Company will continue to issue notifications following the end of each
calendar month containing the information required under in Schedule 8 to the
AIM Rules.
The loan facility announced on 5 January 2006 allows for repayment of the loan
of #4.75 million either in cash or through the issue of shares at a price based
on the lower of the average price of 3DM's shares during the 10 days prior to
issue of the shares or the 10 days prior to the date of the loan agreement.
Accordingly the number of shares to be issued in repayment of the loan may be
greater or smaller than the maximum number of shares that can be issued under
the Loan Facility Block Admission Arrangement.
17 August 2007
This information is provided by RNS
The company news service from the London Stock Exchange
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