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EMMIT PLC - Convertible Loan Conversion and Issue of Equity

May 23, 2014



Emmit plc ("the Company" or "Emmit") Convertible Loan Conversion and Issue of Equity The Company received a notification from a holder of a Convertible Loan Note ("CLN") that he wished to convert 1,500 of CLN into ordinary shares of the Company. The CLN converts into shares at a price of 0.5 pence per ordinary share. As a result of the conversion the Company will issue 300,000 new ordinary shares. The 300,000 new ordinary shares will rank pari passu with the existing ordinary shares. Application will be made for the 300,000 ordinary shares to be traded on AIM. Admission to AIM of the 300,000 shares is expected to occur on or around 30 May 2014. Following the issue of equity noted above the total issued share capital of the Company will comprise of 3,893,763 ordinary shares of 0.001 pence each. Following the loan note conversion detailed above the Company has 64,437.40 of outstanding Convertible Loan Notes that can convert into 12,887,480 new ordinary shares in the Company. The Company also has a total of 6,200,000 shares under warrants, 400,000 of which may be exercised at a price of 0.001p per share and 5,800,000 warrants can be exercised at a price of 6p per share. For further information please visit www.emmitplc.com or contact: Emmit plc Dean Cook 01473 604504 Cairn Financial Advisers LLP Liam Murray 020 7148 7900 Nominated Adviser Allenby Capital Limited Katrina Perez 020 3002 2074 Broker




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Source: PR Newswire (UK Disclosure)


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