HWC Highway Capital Plc

TIDMHWC

RNS Number : 9947I

Highway Capital PLC

05 September 2016

Conversion of Debt to Equity

5 September 2016

Highway Capital Plc announces that it has received notice from Wildman Asset Management SA of the conversion of GBP85,000 of outstanding debt into ordinary shares of 2 pence each in the Company ("Ordinary Shares") at a price of 10 pence per share.

The Company has issued and allotted 850,000 new Ordinary Shares in satisfaction of the conversion and application has been made for these shares to be admitted to the Official List and to trading on the main market for listed securities of the London Stock Exchange with effect from 9 September 2016 ("Admission")

Following Admission, the total number of shares in issue in the Company will be 9,590,201. As the Company currently holds no shares in treasury the total number of voting rights will similarly be 9,590,201.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 05, 2016 10:50 ET (14:50 GMT)

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