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|
|Parity||5 new shares for 14 convertible bonds|
|Underlying stock||PROVENTEC shares - ALPTC|
|Coupon due date||Bi annual (June 30 and December 31st)|
|Redemption||At maturity - at a price of 1.225 £ par obligation (22.5% above the issue price)|
|Maturity date||December 31st, 2012|
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
|Half-year results as of 30/09/2008||November 24, 2008 before markets open|
For further information, please contact:
|David Chestnutt, Chief Executive||Tel: + 44 (0) 151 706 0626|
|Seymour Pierce Limited|
|Paul Davies, Corporate Finance||Tel: + 44 (0) 20 7107 8031|
|Henry Harrison-Topham||Tel: +44 (0) 20 7398 7702|
www.proventecplc.com and actusnews.fr.
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
Communiqués au titre de l'obligation d'information permanente : Emission, modifications des conditions d'émission d'un emprunt Communiqué intégral et original au format PDF :
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|OSPREYFRANK||Euronext Paris||0.0100 (c)||0.00%||0|