RNS Number:7650S
Tadpole Technology PLC
21 April 2008


Interim Funding


Further to the announcement of 26 March 2008, Tadpole Technology Plc ('Tadpole'
or 'Company') is pleased to announce the issue of a further �500,000 nominal
value convertible loan notes ('Loan Notes') to provide working capital for the
Company.


The Loan Notes, which are non-transferable are repayable on 18 October 2008, and
attract interest at a rate of 2 per cent above Barclays Bank plc base rate for
the period from 16 July 2008 to 15 October 2008 and thereafter 4 per cent above
Barclays Bank plc base rate if not repaid or converted.


The Loan Notes may be converted at the holder's discretion at any time, subject
to certain conditions, into new ordinary shares of 1 penny each in the Company
('Ordinary Shares') at nominal value.


If the Loan Notes are converted in full it will result in the issue of
50,000,000 new Ordinary Shares, equivalent to 11.7 per cent. of the current
issued ordinary share capital of the Company.


Tadpole will announce details of a larger fundraising shortly which will provide
it with working capital for at least the next twelve months.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
IODSEAFEFSASEFL
Tadpole (LSE:TAD)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Tadpole Charts.
Tadpole (LSE:TAD)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Tadpole Charts.