Ecovista Plc

May 18, 2011 07:54 ET

Issue of Equity

Issue of shares
Ecovista  Plc (the "Company") is pleased to announce that it has issued 60,000,000 Ordinary shares  of  GBP
0.00001  as a result of the conversion of GBP 20,000 of the Convertible Unsecured Loan Notes 2013 (the  "2013
Loan Notes"). The 2013 Loan Notes are convertible into 3,000 ordinary shares for every GBP 1 of Loan Notes.
After this conversion GBP 81,428 of the 2013 Loan Notes remain outstanding.

The  60,000,000 Ordinary Shares were issued to Mr Rudolph de Mendonca who as a result owns  29.47%  of  the
203,572,208 Ordinary Shares now in issue.

As  announced  earlier  this year the company also has GBP 300,000 outstanding in  respect  of  Convertible
Unsecured Loan Notes 2014 which are convertible at a subscription price of GBP 0.0025 per Ordinary Share.

The Directors of the Issuer accept responsibility for this announcement.


Ecovista PLC
Luca Tenuta
39 St James's street
London SW1A 1JD

Tel: +4420 7290 1234

Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 (0) 20 7251 3762

18 March 2011

Contact Information

  • Ecovista Plc