Power Capital Global Ltd Issue of Equity (4080D)

TIDMPCGB

RNS Number : 4080D

Power Capital Global Ltd

29 April 2013

POWER CAPITAL GLOBAL LIMITED

("Power Capital" or "the Company")

Issue of equity and total voting rights

Power Capital Global Limited (AIM:PCGB), the Asia-based natural resources trading and logistics group,

announces that it has issued 16,233,765 ordinary shares pursuant to conversion notices from the holders of the US$5 million unsecured convertible loan notes ("CLNs") issued by the Company on 25th July 2012 at a conversion price of 20p per share.

This represents full conversion of all CLNs currently in issue and completes the restructuring announced by the Company in July 2012. It adds new investors in PCGB and increases the free float in its shares from approximately 21% to 38%. It also substantially reduces the balance sheet gearing of the Company.

Application will be made for the 16,233,765 ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around Friday 3 May 2013.

Following Admission, the total number of ordinary shares in issue will be 73,768,575. The Company does not hold any ordinary shares in treasury. Therefore the total number of shares with voting rights in the Company is 73,768,575. This figure may be used by shareholders in the Company 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 following Admission.

The 16,233,765 ordinary shares are being issued as follows:

 
                        Ordinary shares     Percentage 
                                            of enlarged 
                                           issued shares 
 Ton Yuan Enterprise 
  Limited                     3,246,753             4.4% 
                       ----------------  --------------- 
 Fen Yuan Limited             6,493,506             8.8% 
                       ----------------  --------------- 
 Coolbiz Corporation 
  Limited                     6,493,506             8.8% 
                       ----------------  ---------------

The following table sets out the revised percentage interests of the Directors of the Company in the enlarged issued share capital of the Company following Admission:

 
                   Ordinary shares     Percentage 
                                       of enlarged 
                                      issued shares 
 Kung Min Lin           39,442,669            53.5% 
                  ----------------  --------------- 
 Simon Dewhurst          3,324,000             4.5% 
                  ----------------  --------------- 
 Graham Newall           2,500,000             3.4% 
                  ----------------  --------------- 
 Craig Niven               300,000             0.4% 
                  ----------------  --------------- 
 
 
 For further information: 
 
 Power Capital Global 
  Limited 
 Simon Dewhurst                    Tel: +852 3695 5150 
 
 Northland Capital Partners 
  Limited 
 Luke Cairns/Edward Hutton         Tel: +44 (0)20 7796 8800 
 
 GTH Communications Limited 
 Toby Hall/Suzanne Johnson-Walsh    Tel: +44 (0)20 3103 3900

This information is provided by RNS

The company news service from the London Stock Exchange

END

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