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RNS Number : 2422X
Millwall Holdings PLC
20 June 2008


Millwall Holdings Plc
('Millwall' or 'the Company')

Conversion of Loan Facility & Additional Listing

The Board of Millwall announces that it has today received notices of conversion from Chestnut Hill Ventures LLC ('CHV') requesting the conversion of 2,300,000 of the nominal amount of its convertible loan facility into 7,666,666,667 ordinary shares of 0.01p in the Company ('New Shares'). Millwall has also received notices of conversion from certain of its directors requesting the conversion of all the principal and accrued interest on their directors' loan notes as to Constantine Gonticas amounting to 110,793 convertible into 369,310,000 New Shares; Keyse Holdings Limited (a company associated with Trevor Keyse) 33,029 convertible into 110,096,667 New Shares; and as to Stewart Till, 55,102 convertible into 183,673,333 New Shares. In accordance with the terms of the relevant loan documents all of the New Shares will be issued at a price of 0.03p. Application has therefore been made for the admission of 8,329,746,667 New Shares to trading on AIM. Dealings in the New Shares are expected to commence on Friday, 27th June 2008. After allotment of these New Shares, the interests of CHV and the relevant directors in the voting share capital of the Company will be: CHV 29.3%; Constantine Gonticas 2.39%; Trevor Keyse 3.78% and Stewart Till 1.19%.
Following the admission of the 8,329,746,667 New Shares, the total number of ordinary shares in issue and therefore the total number of voting rights will be 36,400,687,134. Heather Rabbatts, Chief Executive/Deputy Chairman, today commented: 'The decision of CHV and the directors to convert their loans into shares in these difficult times and forgo their future entitlements to interest demonstrates their continued commitment to the Company and the Millwall Football Club.'


Contact:

Millwall plc
Heather Rabbatts 020 7740 0519
Seymour Pierce
John Depasquale 020 7107 8010


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


 

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