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DJ Ganapati plc Debt for equity swap with Japanese investors

 
TIDMGANP 
 
27 July 2017 
 
                                 Ganapati Plc 
                         ("Ganapati" or "the Company") 
 
                 Debt for equity swap with Japanese investors 
 
The Directors of Ganapati are delighted to announce that the Group has entered 
into a debt to equity swap agreement (the "Swap Agreement") with Equity Midas 
Co Ltd and CD One LLC to issue an aggregate of 1,172,941 new ordinary shares of 
1 pence (the "Swap Shares") in the capital of the Company. The debt for equity 
swap will be issued at a share price of 52 pence per new ordinary share (the 
"Share Price") with an aggregate debt for equity issue of GBP609,929.32. 
 
The 1,172,941 new ordinary shares will be admitted to trading on NEX Exchange 
Growth Market on 27 July 2017. 
 
Following the Placing, the issued share capital of the Company will increase to 
31,992,653 ordinary shares of 1 pence each. This figure may be used by 
shareholders as the denominator for the calculations by which they will 
determine if they are required to notify their interest in, or a change to 
their interest in, the share capital of the Company under the Disclosure and 
Transparency Rules. 
 
The following parties have an interest of more than 3% in the shares of the 
Company: 
 
Name                                  Number of shares       Percentage 
                                                             holdings 
 
Mr Naoaki Kurotaki                    1,139,944                       3.56% 
 
HLMS Inc.                             25,000,000                     78.14% 
 
The Directors of Ganapati Plc accept responsibility for this announcement 
 
CONTACT DETAILS: 
 
Ganapati plc 
Tony Drury 
Chairman 
Telephone: 07973 737284 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
 
http://www.ad-securities.com 
 
 
 
END 
 

(END) Dow Jones Newswires

July 27, 2017 07:47 ET (11:47 GMT)