YSP Your Space

 

TIDMYSP 
 
RNS Number : 2349P 
Your Space PLC 
20 March 2009 
 

Your Space plc ("Your Space" or "the Company") 
 
 
Issue of Equity 
 
 
20 March 2009 
 
 
The Your Space board hereby announces that further to the convertible loan 
agreement between Your Space and YA Global Investments, L.P. (f/k/a Cornell 
Capital Partners, LP) ("YA Global") dated 19 December 2007 (the "Agreement") and 
notified to the market on 21 December 2007, the Company received notice on 
13 March 2009 that YA Global Investments wish to convert GBP20,000 of the 
principal loan amount (the "Conversion Amount") into ordinary shares of GBP0.10 
each in the capital of the Company ("Ordinary Shares"). 
 
 
Pursuant to the Agreement, the Conversion Amount is convertible at a rate which 
is the lower of the market price at the date of the issue of the Agreement and 
80% of the market price at the date of conversion ("Conversion Price"). However, 
inasmuch as the Conversion Price would be lower than the nominal value of 
ordinary shares in the company (GBP0.10), YA Global agrees that this conversion 
only, shall occur with a conversion price of nominal value, or GBP0.10. As a 
result of this conversion, Your Space has allotted and applied for 200,000 new 
Ordinary Shares to be admitted to trading on AIM and dealings are expected to 
commence on 23 March 2009. This represents approximately 0.88% of the issued 
share capital of the Company. The new Ordinary Shares will rank pari passu with 
the existing Ordinary Shares in issue and increase the issued share capital to 
22,848,709. 
 
 
For further information please contact:- 
 
 
Steve Turton, Director, Your Space plc            0151 229 1702 
Sue Lace, Company Secretary, Your Space plc    0151 229 1703 
Richard Hughes / Bobby Fletcher, Zeus Capital 0161 831 1512 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEEASDEAFNNEFE 
 

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