press releases 2007 archive
31 December 2007
Altigefi acquisition
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31 December 2007
Total Voting Rights
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31 December 2007
Holdings In Company
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31 December 2007
Directors' Shareholding Dilution
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27 December 2007
Sal. Oppenheim Holdings
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27 December 2007
Circular to holders of Convertible Unsecured Loan Notes 2008 issued by Integrated Asset Management
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Circular to holders of Convertible Unsecured Loan Notes 2008 issued by Integrated Asset Management plc Re: Compulsory Conversion of outstanding Loan Notes Integrated Asset Management plc (the “Company”) today announces that it is giving notice to all holders of the outstanding Convertible Unsecured Loan Notes 2008 issued by the Company (“Loan Notes”), of its intention to convert the whole of the remaining outstanding Loan Notes into Ordinary Shares in the Company. The terms of the Loan Notes dated 13 November 2002 set out a provision enabling the Company to force conversion of the Loan Notes if 70% or more of the Loan Notes originally issued were to be converted or purchased by the Company. As at 24 December 2007, 2,574,000 of the Loan Notes, representing 70.17% of those originally issued had been converted meaning the provision has been triggered.
The Loan Notes will be converted at the rate of one Ordinary Share for every 95p of holding of Loan Notes. Alternatively, if requested by the holder, the Loan Notes can be redeemed at their nominal value for cash. Requests for cash redemption must be received by the Company no later than 17 January 2008. It is anticipated that conversion will occur on 28 January 2008. Total conversion of the Loan Notes remaining would give rise to the issue of 1,152,087 new ordinary shares. The total amount of cash consideration payable should holders of Loan Notes choose to exercise their option to redeem at nominal value is £1,094,500. Shareholders and Loan Note holders should be aware that, but for the conversion announced above, pursuant to the terms of the Loan Notes the remaining Loan Notes would have fallen due to be redeemed at their nominal value on 31st January 2008 if not converted prior to that date.
Application will be sought for the ordinary shares allotted as a result of the conversion of the remaining Loan Notes to be admitted to trading on AIM. The admission date for the new ordinary shares created by conversion of the Loan Notes is anticipated to be 4 February 2008. A circular giving formal notice of the conversion of all outstanding Loan Notes, providing further information of the process of the conversion of the Loan Notes and a reminder of the alternative to redeem the Loan Notes for cash, has been posted to all Loan Note holders today. A copy of the circular will be available on the Company website www.integratedam.com. For further information, please contact: Integrated Asset Management Plc Ohad Egoz, Company Secretary Tel: +44 207 514 9200 Fax: +44 207 514 9202 Noble & Company Limited John Riddell, Director Mobile: +44 (0) 7854 041 636 Fax: +44 207 763 2398 john.riddell@noblegp.com
24 December 2007
Issue of Ordinary Shares plus Directors’ holding
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07 December 2007
Issue of Ordinary Shares & Exercise of Options
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03 December 2007
Holdings in Company
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30 November 2007
Issue of New Ordinary Shares
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