Turbotec Products PLC Issue of Equity (2887C)
April 15 2013 - 2:00AM
UK Regulatory
TIDMTRBO
RNS Number : 2887C
Turbotec Products PLC
15 April 2013
Press Release 15 April 2013
Turbotec Products Plc
("Turbotec" or "the Company")
Issue of Equity
Turbotec Products Plc (TRBO.L), the designer and manufacturer of
high performance heat exchangers and Tru-Twist(R) heat transfer
tubing, announces that, further to the announcement of 21 January
2013, it has allotted and issued, under existing shareholder
authorities, 640,338 ordinary shares of nominal value 1p each in
the capital of the Company pursuant to a convertible loan agreement
made between Execuzen Limited and the Company. The shares had been
allotted in partial satisfaction of the outstanding liability of
GBP132,639.45 under the agreement, at a conversion price of 17p per
share. Each new ordinary share will rank pari passu with each
existing fully paid ordinary share in the Company. After the issue
of the new ordinary shares, the Company's total issued capital,
with voting rights, will be 13,447,111 ordinary shares of 1p
each.
Application has been made for the admission to trading on AIM of
640,338 ordinary shares of 1p each and admission is expected to
take place on 18 April 2013.
- Ends -
For further information please contact:
Turbotec Products Plc
Robert Lowe, Non Executive Chairman +44 (0) 79 1714 8930
RLowe@trbohx.com
Sunil Raina, Managing Director Tel: +1 (860) 731-4200
SRaina@trbohx.com www.turbotecproducts.com
Robert Lieberman, Finance Director Tel: +1 (860) 731-4200
RLieberman@trbohx.com www.turbotecproducts.com
Cantor Fitzgerald Europe
Mark Percy / Catherine Leftley, Corporate Tel: +44 (0)20 7107
Finance 8000
Paul Jewell, Corporate Broking
www.seymourpierce.com
Media enquiries:
Abchurch Communications
Sarah Hollins / Simone Elviss Tel: +44 (0)20 7398
7714
www.abchurch-group.com
Electronic copies of this announcement can be obtained from the
Company's website www.turbotecproducts.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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