REPORTS RESULT OF 20TH ECD CONVERSION
14 March 1997
Loxley Plc (LOXLEY) announced no ECD holder filed the intention to the
20th conversion available during February, 1997 at all.
The company had issued Euro Convertible Debenture (ECD) valued US$100
million entirely offered to foreign investors between April 20-May 20,
1995 with put option after July 20, 1995 from then on.