PROVENTEC : Trading on Alternext of convertible guaranteed unsecured loan notes 2012 of the Company (’Loan Notes’)

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Proventec Plc (AIM:PROV, Alternext:ALPTC), a provider of specialist steam cleaning and coatings technologies, is pleased to announce that it has applied for its convertible bonds to be listed on Alternext, a market operated by Euronext Paris SA.

Since Proventec dual listed on Alternext on May 22 2008, it has already witnessed increased investor interest from outside the UK. The Company believes this listing will continue to give it access to mainland European capital markets which, in turn, gives it greater flexibility.

Convertible bonds main characteristics:

Nb securities to be listed 14 564 210
Nominal Value
Issue price
Parity 5 new shares for 14 convertible bonds
Underlying stock PROVENTEC shares - ALPTC
Coupon due date Bi annual (June 30 and December 31st)
Interest rate 8.5%
Redemption At maturity - at a price of 1.225 £ par obligation (22.5% above the issue price)
Maturity date December 31st, 2012
ISIN FR0010653329

Convertible bonds are not listed on AIM.
Convertible bonds will be listed in euros on Alternext.

You can request a copy of the relevant Loan Note Instrument and the Loan Note Guarantee by contacting the Company using the contact details as set out in the ‘Loan Note Information' section of the following website: www.proventecplc.com

Financial Calendar

Half-year results as of 30/09/2008 November 24, 2008 before markets open
- Ends -

For further information, please contact:

Proventec Plc
David Chestnutt, Chief Executive Tel: + 44 (0) 151 706 0626
dchestnutt@proventecplc.com www.proventecplc.com
Seymour Pierce Limited
Paul Davies, Corporate Finance Tel: + 44 (0) 20 7107 8031
pauldavies@seymourpierce.com www.seymourpierce.com

Media enquiries:

Abchurch  
Henry Harrison-Topham Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com www.abchurch-group.com
The full press release of Proventec is available in English on the website
www.proventecplc.com and actusnews.fr.

About Proventec
Proventec plc manages a complementary portfolio of integrated businesses that specialize in hygienic solutions and preventative coatings technologies. Headquartered in Liverpool, the Company operates in global markets, pioneering developments within the healthcare, food manufacturing, hospitality industries, transportation, construction and other sectors.
Proventec provides steam cleaning equipment for the UK's National Health Service (“NHS”).
The Company's hygienic solutions division includes OspreyDeepClean, the world's leading provider of chemical-free specialist dry saturated steal cleaning technology,which has been successfully proven in trials with University College London Hospitals to combat the spread of common bacteria and healthcare associated infections such as MRSA and Clostridium difficile.
ISIN Code : GB00B2R1Q018 - MNEMO : ALPTC

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http://www.actusnews.com/documents_communiques/ACTUS-0-14278-cp_proventec_en_17nov08.pdf © Copyright Actusnews Wire
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