Loan Note Conversion

    FOR IMMEDIATE RELEASE 22 February 2006

                                PNC TELECOM PLC                                

                           ("PNC" or the "Company")                            

                           CONVERSION OF LOAN NOTES                            

At a Board Meeting of 21 February 2006, the Board accepted a request from James
Poulton pursuant to the issue of convertible loan notes totalling �500,000
convertible at 0.1p per share at any time for seven years from 29 April 2005 to
28 April 2012 for the conversion of the �10,000 loan note and has agreed to
allot 10,000,000 new ordinary shares at 0.1p per share (the "Shares").
Application is being made for the Shares, which will rank pari passu with the
existing ordinary shares to be admitted to trading on AIM.

James Poulton currently holds 7,052,500 ordinary shares and with the further 10
million shares his total holding of 17,052,500 ordinary shares will represent
approximately 10.03% of the increased share capital.

For further information:

PNC Telecom Plc                                                                
                                                                               
Leo Knifton                                           Tel: +44 (0) 207 251 3762
                                                                               
Beaumont Cornish Limited                                                       
                                                                               
Nominated Adviser                                     Tel: +44 (0) 207 628 3396
                                                                               
Roland Cornish                                                                 



END

Pnc Telecom (see LSE:TRIC) (LSE:PTC)
過去株価チャート
から 12 2024 まで 1 2025