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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Thomson Reuters Stock Report
Provider: Wright Reports

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Power Capital Global Ltd Issues Shares to Holders of USD 5 Million Convertible Loan Notes

Monday, 29 Apr 2013 02:00am EDT 

Power Capital Global Ltd (PCGB) announced that the Company has issued 16,233,765 ordinary shares pursuant to conversion notices from the holders of the USD 5 million unsecured convertible loan notes (CLNs) issued by the Company on July 25, 2012 at a conversion price of 20p per share. This represents full conversion of all CLNs currently in issue and completes the restructuring announced by the Company in July 2012. It adds new investors in PCGB and increases the free float in its shares from approximately 21% to 38%. It also substantially reduces the balance sheet gearing of the Company. 

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24 Dec 2014