REPORTS ON RESULT OF E.C.Ds #2 CONVERSION
18 November 1996
Loxley Plc (LOXLEY) reported on result of Euro Convertible
Debentures (E.C.Ds)#2 conversion that on October, 1996, there is no
holder converted their E.C.Ds to the company's common shares.
LOXLEY previously issued E.C.Ds worth totalling of US$105 million to
foreign investors since April 20, 1996. The holders were eligible to
convert their E.C.Ds before the maturity. The conversion started after
July 4 , 1996 onwards.