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Article: NEXUS MANAGEMENT PLC - Issue of Equity.
- Article from:
- PR Newswire UK Disclose
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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9 November 2009
NEXUS MANAGEMENT PLC
(AIM: NXS)
Issue of equity
The Company announces that it has received a notice to convert $50,000 of the
convertible loan note issued to VPEP Technology Corporation ("VPEP") in
connection with the acquisition of the business, assets and certain liabilities
of Scott Technology Corporation (the "STC Business") repayable on or before 31
October 2010. Accordingly, the Company has issued 4,270,782 new ordinary shares
at a price of 0.714p per share, in accordance with the terms ...