Quercus Publishing plc
LSE : QUPP

March 23, 2011 03:00 ET

LOAN NOTE CONVERSION AND EXERCISE OF OPTIONS

                                                                                                23 March 2011
                                                                                        GB00B1G17S00/GBP/PLUS

                                           QUERCUS PUBLISHING PLC
                                               (the "Company")
                                                      
                                LOAN NOTE CONVERSION AND EXERCISE OF OPTIONS
                                                      
Quercus  Publishing Plc announces that 666,666 ordinary shares of 0.8p each in the Company have been allotted
pursuant  to  the  conversion of £300,000 of unsecured convertible subordinated loan notes  held  by  Anthony
Cheetham.  The  Company was notified on 22 March 2011 that Mr. Cheetham had disposed of a  total  of  557,500
ordinary  shares  in  the  Company in a series of transactions between 10 August  2010  and  15  March  2011.
Accordingly, following this conversion, Mr. Cheetham is interested in 1,210,834 ordinary shares, representing
6.6 per cent of the Company's issued share capital.

A  further 20,000 ordinary shares of 0.8p each have been allotted pursuant to the exercise of employee  share
options.  The net proceeds from the exercise of options are £11,625.

Following  the loan note conversion and the exercise of options, the issued share capital of the Company  has
increased  to  18,248,204  ordinary shares. The Directors' total beneficial  shareholding  remains  4,430,774
ordinary shares of 0.8p each, now representing 24.28% of the current issued share capital.

The Directors of Quercus Publishing Plc accept responsibility for this announcement.

CONTACT DETAILS:

QUERCUS PUBLISHING PLC                                           Tel: 020 7291 7200
Mark Smith, CEO

ST HELENS CAPITAL PARTNERS LLP                                   Tel: 020 7368 6959
Mark Anwyl or Duncan Vasey

Media Inquiries:
ATTILA CONSULTANTS                                               Tel: 020 7776 8825
Charles Cook                                                     Mobile:  07710 910563



Contact Information

  • Quercus Publishing plc