INFORMS RESULT OF E.C.D. CONVERSION
09 July 1996
Loxley Plc (LOXLEY), previously issued and offered Euro-Convertible
Debenture) (E.C.D.) to foreign investors, now reports the result of the
E.C.D. conversion on June, 1996 that no holders converted E.C.D.s into
the company's common shares.
The company previously issued E.C.D.s worth US$ 100 million to
foreign investors from April 20 - May 20, 1995. The holders are eligible
to convert E.C.D.s into the company's common shares from July 20, 1995 to
the end of the E.C.D. maturity.