Water Hall Group Plc Issue of shares (6279O)

TIDMWTH

RNS Number : 6279O

Water Hall Group Plc

23 September 2013

For immediate release

23 September 2013

Water Hall Group plc

("Water Hall" or the "Company")

Issue of shares

The Board of Water Hall announces that it has received a conversion notice in respect of the outstanding GBP200,000 unsecured convertible loan note, which is convertible into a maximum of 8,000,000 New Ordinary Shares at a price of 2.5p per New Ordinary Share. The Board has therefore issued 8,000,000 New Ordinary Shares to the convertible loan note holder, El Khereiji Financial Company WLL. The New Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.

The enlarged issued share capital of Water Hall following Admission will be 87,638,755 Ordinary Shares in aggregate. This figure may therefore 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 in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

As previously announced on 30 August 2013, the offer by Petards Group Plc for Water Hall had been declared wholly-unconditional and accordingly, Water Hall applied for the cancellation of admission to trading of Water Hall Shares on AIM, which is expected to be effective from 7.00am on 30 September 2013.

Enquiries:

 
 Water Hall Group plc           Tel: 01483 452333 
  Raschid Abdullah (Chairman) 
 Beaumont Cornish Limited       Tel: 0207 628 3396 
  Roland Cornish 
  Michael Cornish

This information is provided by RNS

The company news service from the London Stock Exchange

END

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