Completion of restructuring of facilities
June 30 2009 - 2:01AM
UK Regulatory
TIDMMDS
RNS Number : 7350U
Midas Capital PLC
30 June 2009
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
30 June 2009
Midas Capital PLC
("Midas" or the "Company")
Completion of restructuring of loan facilities
Midas Capital plc, the AIM quoted company encompassing Fund Management, Wealth
Management and Corporate Services, announces that, following receipt of the
appropriate regulatory approvals, it has completed the restructuring of its'
loan facilities with Bank of Scotland plc. The proposed restructuring of the
loan facilities had been announced on the 18 May 2009 and was approved by
shareholders at the General Meeting of the Company held on 3rd June 2009.
As part of the restructure of the loan facilities 12,242,594 new ordinary shares
of 0.1 pence each in the ordinary share capital of the Company have been issued
to Bank of Scotland plc. It is expected that these new ordinary shares will be
admitted to trading on AIM and dealings in the enlarged share capital will
commence on AIM at 8.00 a.m. on 30 June 2009 ("Admission").
Following Admission, the Company's issued ordinary share capital will comprise
69,578,514 ordinary shares of 0.1 pence each with voting rights. This figure may
be used by shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their interest in,
or a change in their interest in, the share capital of the Company under the
FSA's Disclosure and Transparency Rules.
Following the issue of new shares to Bank of Scotland plc the following
shareholders have shareholdings greater than 3% of the enlarged share capital:
+----------------------+---------------+--------+
| | Shares | % |
+----------------------+---------------+--------+
| Bank of Scotland plc | 12,242,594 | 17.60% |
+----------------------+---------------+--------+
| S W Edwards | 9,562,977 | 13.74% |
+----------------------+---------------+--------+
For further information, please contact:
Colin Rutherford, Executive Chairman, Midas 07500 966416
Roland Cross,
Director, Broadgate 020 7726 6111
Richard Vaughan/Matt Stoate,
Kinmont 020 7087 9100
(Financial Advisor to Midas)
James Steel,
Arbuthnot Securities Limited 020 7012 2000
(Nominated Advisor and Broker
to Midas)
Web: www.midascapitalplc.com
Kinmont Limited, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting as financial advisor to the Company in
relation to the matters referred to in this announcement and no one else and
will not be responsible to any other person for providing the protections
afforded to clients of Kinmont or for providing advice in relation to the
matters referred to in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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