Issue of Convertible Loan Notes


 

TIDMCAMH 
 
RNS Number : 1621M 
Consolidated Asset Mgmt (Hldgs) PLC 
23 January 2009 
 

Consolidated Asset Management (Holdings) plc 
("CAM" or the "Company") 
 
 
Issue of GBP150,000 3.5% Unsecured Convertible Loan Notes 
 
 
 
 
CAM is pleased to announce that it has raised GBP150,000 by way of the issue of 
unsecured convertible loan notes with an aggregate nominal value of GBP150,000 
(the "Loan Notes"). City of London Group plc ("City"), which owns 9.17% of the 
ordinary share capital of CAM, has subscribed for Loan Notes with a nominal 
value of GBP125,000. David Walton Masters, the Executive Chairman of City, has 
subscribed for Loan Notes with a nominal value of GBP25,000. 
 
 
Interest will accrue on the Loan Notes at the rate of 3.5% per annum until 
redemption or conversion. The Company may redeem the Loan Notes at any time 
between 6 months from the date of issue of the Loan Note and 21 January 2014 at 
an amount equal to the nominal value of the Loan Note plus interest accrued up 
to the date of redemption. The Loan Note holder may convert the Loan Note into 
fully paid ordinary shares of 0.5p each in the Company ("Ordinary Shares") at 
any time until 21 January 2014. On conversion, the interest accrued to date will 
be added to the nominal value of the Loan Note and the aggregate amount will be 
converted into Ordinary Shares at 1p per share. 
 
 
The Company has also agreed with City that City has the right to appoint a 
director to the board of CAM at any time during the period ending 15 months from 
today or, if later, for so long as City owns at least 5% of the Ordinary Shares 
in issue. 
 
 
 
 
For further information please contact: 
 
 
+----------------------------------------------------+-------------------------+ 
| Consolidated Asset Management (Holdings) plc       | 0845 838 4756           | 
| Simon Banks-Cooper, Chief Executive Officer        |                         | 
|                                                    |                         | 
+----------------------------------------------------+-------------------------+ 
| Strand Partners Limited                            | 020 7409 3494           | 
| Simon Raggett                                      |                         | 
+----------------------------------------------------+-------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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