H. B. PROPERTIES PLC
LSE : HBPO

November 05, 2012 11:17 ET

Convertible Loan Note

H. B. PROPERTIES PLC
CONVERTIBLE LOAN NOTE

H.  B.  Properties  Plc  ("the Company") is delighted to announce that it has issued  £2m  of  zero  coupon
unsecured  convertible  loan  notes, which are convertible at 0.5p per Ordinary  Share  and  have  a  final
repayment  date  of 31 December 2018. The conversion price represents a 60% premium to Friday's  closing
mid-market price of 0.3p.

The  funds  have been applied towards diversifying the group's investment assets to include loans  for  the
development of prime London properties.

The Directors of the Issuer accept responsibility for this announcement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Leo Knifton
H. B. Properties PLC
Finsgate
5-7 Cranwood Street
London
EC1V 9EE

Tel: +44 (0) 20 7309 2280
Fax: +44 (0) 20 7566 0023

Nick Michaels
Alfred Henry Corporate Finance Limited

Tel: +44 (0) 20 7251 3762

Contact Information

  • H. B. PROPERTIES PLC