Bartercard PLC
Bartercard PLC: Cancellation of Convertible Loan Stock/Notes
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Cancellation of Convertible Loan Stock/Notes
The Directors of Bartercard are pleased to announce that they have today
cancelled all the outstanding convertible loan stock/notes held by
Montgomery Equity Partners LP (Montgomery) for a consideration of £250,000
payable in cash by Bartercard. This payment will be met from Bartercard’s
internal resources.
This cancellation means that Bartercard no longer has any obligation to
issue Ordinary Shares to Montgomery.
Commenting on the cancellation Wayne Sharpe, Executive Chairman of
Bartercard, said
“I am delighted that we have concluded this agreement with Montgomery,
since it means that we are no longer under any obligation to issue shares
at below the current market price”.
05 April
Enquiries
College Hill
Richard Pearson 0207 457 2020
(c)DGAP 05.05.2006
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language: English
emitter: Bartercard Plc.
18 – 20 Kew Road
Richmond, Surrey, TW9 2NA Großbritannien
phone: +44-(0)870 920 1000
fax:
email: info@uk.bartercard.com
WWW: www.bartercard.com
ISIN: GB0033432856
WKN: 121557
indexes:
stockmarkets: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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