Conversion of Loan Notes (1732P)
September 29 2011 - 3:54AM
UK Regulatory
TIDMNXS
RNS Number : 1732P
Nexus Management plc
29 September 2011
29 September 2011
NEXUS MANAGEMENT PLC
(AIM: NXS)
("Nexus Management" or "the Company")
Conversion of Loan Notes
The Board of Nexus Management, the AIM quoted provider of
specialist IT managed services, announces that it has issued
37,500,000 new ordinary shares at a price of 0.25 pence each in the
capital of the Company following the conversion of loan notes held
by SF T1ps Smaller Companies Growth Fund ("T1ps"). Following
admission of such shares to trading on AIM, T1ps will be interested
in a total of 226,556,605 ordinary shares in the capital of Nexus,
equivalent to 19.20 per cent. of the enlarged issued share capital
of the Company.
Application will be made for 37,500,000 new ordinary shares to
be admitted to trading on AIM. Admission of such shares is expected
to become effective and dealings are expected to commence on AIM on
5 September 2011. Following the issue of such shares, the Company
will have 1,179,851,765 ordinary shares in issue.
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Enquiries:
Nexus Management plc
Roger Richardson, Chief Executive Tel: 01862 812 107
Merchant Securities Limited (Nominated Adviser)
Simon Clements/David Worlidge Tel: 020 7628 2200
Rivington Street (Broker)
Jon Levinson Tel: 020 7 562 3351
Bishopsgate Communications Ltd
Duncan McCormick/Deepali Schneider/Natalie Tel: 020 7562 3350
Quinn
nexus@bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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