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Advanced Power - Conversion of Loan Note
8 August 2012
Advanced Power Components Plc
("APC" or the "Company")
Conversion of Loan Note
Advanced Power Components (LSE: APC.L - news) (AIM: APC), the UK specialist distributor and manufacturers' representative of electronic components, has today allotted 1,333,333 ordinary shares of 2p each in the Company ("Ordinary Shares") pursuant to the conversion by Roger Robinson, a substantial shareholder in the Company, of £100,000 of convertible loan notes, which were originally issued on 10 February 2009. The loan notes converted at a price of 7.5p per share.
Following the issue of these Ordinary Shares, Mr Robinson and related family trusts are interested in 7,493,821 Ordinary Shares, representing approximately 25.3 per cent of the Company's issued share capital
Application has been made to the London Stock Exchange (LSE: LSE.L - news) for 1,333,333 Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings in the Ordinary Shares are expected to commence at 8.00 a.m. on Tuesday, 14 August 2012. Following admission of these shares, the Company will have 29,579,715 Ordinary Shares in issue. The new Ordinary Shares will rank pari passu in all respects with the existing ordinary shares.
The aforementioned figure of 29,579,715 Ordinary Shares may 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 to their interest in, APC under the Financial Services Authority's Disclosure and Transparency Rules.
Enquiries:
Advanced Power Components plc | 01634 290588 |
Mark Robinson, Chief Executive Officer Rob Smith, Finance Director | |
Strand Hanson Limited | 020 7409 3494 |
James Harris / Angela Hallett | |
Northland Capital Partners Limited | 020 7448 4400 |
Andy Hanson | |
Redleaf Polhill | 020 7566 6727 |
Henry Columbine / David Ison |
About Advanced Power Components
APC plc is a leading specialist distributor of electronic components, comprising nine areas of activity:
§ APC Hi-Rel distributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
§ APC Locator is the number one solutions provider for obsolete and hard-to-find parts, with 25 years' experience in the industrial and defence/aerospace markets across Europe (Chicago Options: ^REURUSD - news) .
§ APC Hero has a specialist technical sales team focussing on sensors and measurement, power management, communications ∓ connectivity and embedded computing applications.
§ APC Go! provides a kitting and materials management service to companies wanting to outsource non core activities, offering services ranging from material procurement to full production management.
§ APC Displays+ provides dedicated technical and commercial support for a wide range of displays, driver boards, ICs, single board computers and all related connectivity.
§ APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years experience in the RF and Microwave industry.
§ APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.
§ APC imop™ is a manufacturer and distributor of power saving equipment which optimises the performance of electrical motors, leading to reduced energy consumption and cost savings.
§ QV Controls Limited is a designer, manufacturer and supplier of DALI-IP technology based lighting and energy management systems that improve energy efficiency and lighting performance within commercial, industrial and high end residential buildings.
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