Conversion of Loan Note
23 Juin 2005 - 4:38PM
UK Regulatory
FOR IMMEDIATE RELEASE 23 June 2005
PNC TELECOM PLC
("PNC" or the "Company")
At a Board Meeting of 20 June 2005, the Board accepted a request from
Cotmanfields Limited for the conversion of a �5000 Loan Note and has agreed to
allot 5,000,000 Ordinary shares at 0.1p per share (the "Shares") in accordance
with the terms of the Loan Note Instrument, a holding which represents 7.92% of
the enlarged issued share capital of the Company.
On 20 June 2005, the Company was informed that Cotmanfields Limited have
disposed of 5,000,000 Shares and no longer have a disclosable interest in the
Company.
Application is being made for a total of 5,000,000 new Ordinary shares of 0.1p
to be admitted to trading on AIM.
For further information:
PNC Telecom Plc
Leo Knifton Tel: +44 (0) 207 251 3762
END
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