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Successful Eurocopter trials position Scotty for accelerated growth
sub-contractor - Tue, 20 Dec 05 :
Additional Listing
RNS Number:9828V
Scotty Group PLC
20 December 2005
For immediate release 20 December 2005
SCOTTY Group plc
("SCOTTY" or "the Company")
Loan Note Instrument and Facility Agreement
Conversion of Loan Notes into Ordinary Shares
SCOTTY Group plc, announces the allotment and issuance of 7,431,602 ordinary
shares of 1p each (representing approximately 0.9% of the issued share capital)
("ordinary shares") in the Company to Headstart Global Funds Limited and
Headstart Global Aggressive Fund Limited ("the Investors") following receipt of
a Conversion Notice in connection with the Convertible Loan Note Facility
entered into by the Company on 8 September 2005. The Conversion repays a second
tranche of #100,000 of the #400,000 facility.
The Conversion price was 1.3775 pence per ordinary share, being ninety-five per
cent of the lowest closing bid price, 1.45 pence per share, in the previous
fifteen trading days.
Application has been made to the London Stock Exchange for the ordinary shares,
which will rank pari passu with the existing shares in issue, to be admitted to
trading on AIM, and admission is expected to become effective on 28 December
2005.
For further information please visit www.scottygroup.com or contact:
SCOTTY Group plc Tavistock Communications
Kurt Kerschat, CEO Simon Hudson / Clemmie Carr
Tel: + 43 316 409 426 Tel: + 44 20 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
LISILFEEFALIFIE
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