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JSJS Designs PLC (JSJS)

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Monday 16 November, 2009

JSJS Designs PLC

Issue of Equity

RNS Number : 5709C
JSJS Designs PLC
16 November 2009
 



JSJS Designs Plc ("JSJS Designs" or "the Company") 


Issue of Equity


16 November 2009


Further to the announcement released on 17 September 2009 in relation to a Convertible Loan Agreement, JSJS Designs Plc (AIM:JSJS), today announces that Centaur Financial Services Limited ("Centaur") has agreed to convert its £160,000 debt into 16,000,000 Ordinary Shares of 0.1p each, representing 8 per cent of the enlarged issued share capital of the Company. Under the terms of the Convertible Loan Agreement these shares have been allotted and issued at 1p. 


Application for these shares to be admitted to trading on AIM has been made and is expected to occur on 20 November 2009. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following this issue the Company will have 216,000,000 ordinary shares of 0.1 pence each in issue. 


In accordance with the transitional provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital comprises 216,000,000 Ordinary Shares of 0.1 p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 216,000,000


This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules. 


Following this transaction all of the previously outstanding convertible debt will be converted into equity. 


For further information please contact: 



John Shermer
CEO, JSJS Designs Plc
 
Telephone
01902 500 562
 
Tim Cofman
WH Ireland
 
Telephone
0121 265 6330
 
Katie Dale
Golley Slater Group Limited
Telephone
0121 384 9743

 



About JSJS Designs plc


JSJS Designs plc develops home automation systems to enable consumers to remotely operate everyday household appliances, such as lighting, heating, air conditioning, door entry, audio, video and security. The Company is targeting the potentially significant mass market as consumers increasingly seek to "retro-fit" Smart Home technologies into their homes and, in the longer term, the "Extra Care" residential market where there is demand from the providers of such schemes to enable independent living for the elderly and physically immobile. 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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