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Gowin New Energy Grp (GWIN)

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Monday 15 February, 2016

Gowin New Energy Grp

Conversion of Convertible Loan Notes

RNS Number : 0761P
Gowin New Energy Group Limited
15 February 2016
 

15 February 2015

 

Gowin New Energy Group Limited

("Gowin" or the "Company")

Conversion of Convertible Loan Notes

                                                                                                        

The Company is pleased to announce that pursuant to the announcement by the Company on 20 November 2015, the Noteholders of the Convertible Loan Notes from the following individuals: Mr Chao Chih-Feng (£100,000), Mrs Dai Ming-Hsuan (£50,000) and Mr Tsai Cheng-Feng (£100,000), have converted the whole of, the principal amount outstanding under the Notes into new ordinary shares of £0.01 in the capital of the Company ("Ordinary Shares") at the conversion rate of £0.002, the aggregate of 125,000,000 issued fully paid New Ordinary Shares (which would represent approximately 21.90 per cent. of the enlarged issued share capital of the Company).

 

The 125,000,000 new ordinary shares will be admitted to trading on ISDX Growth Market today, 15 February 2016.

Following the Placing, the issued share capital of the Company will increase to 570,712,176 ordinary shares of 1 pence each. 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.

The following parties have an interest of more than 3% in the shares of the Company:

Shareholder Name

Number of Ordinary Shares

Percentage Holding

CHIN-LUNG HSIEH

       118,206,000

21.80%

CHOICE ONLY INTERNATIONAL ENT CO

          30,000,000

5.26%

CHEN CHIH LUNG

          70,000,000

12.27%

PROPITIOUS GROUP LIMITED

          26,736,400

4.68%

MAN BUN LEE

          21,064,600

3.69%

SEAMLESS GREEN CHINA (HOLDINGS)

          16,595,000

2.91%

Dai Ming-Hsuan

25,000,000

4.38%

Tsai Cheng-Feng

50,000,000

8.76%

Chao Chih-Feng

50,000,000

8.76%

 

 

The directors of Gowin New Energy Group Limited accept responsibility for this announcement.

For further information please visit www.gowinyichia.com or contact the following:

Garry Willinge                            Gowin New Energy Group Limited           +852 9100 9972

David Scott / James Dewhurst     Alexander David Securities Limited          +44 20 7448 9820


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