Placing of Convertible Note
January 18 2008 - 2:00AM
UK Regulatory
RNS Number:9800L
Investika Ltd
18 January 2008
18 January 2008
INVESTIKA LTD
("the Company")
Placing of Convertible Note
Further to earlier announcements and approval by shareholders at a General
Meeting held on 10 January 2008, the Company wishes to advise that it has placed
A$9 million of the A$10 million Convertible Note with Capma Pty Ltd, a company
in which a Director, Mr C Kyriakou has an interest.
The Note expires on 16 January 2012 and at that time, or if exercised earlier
under the terms of the Note, must be exercised into fully paid Ordinary Shares
in the Company at the lower of A$5.50 or 80% of the weighted average market
price at the conversion date.
It is not presently envisaged that the A$1 million balance of the Convertible
Note will be placed.
Enquiries to:
Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480
James Joyce / Sarang Shah
WH Ireland Limited
Telephone: 020 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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