INFORMS ECD CONVERSION RESULT IN MARCH
09 April 1997
Loxley Plc. (LOXLEY) notified result of its 21st conversion in March
1997 on Euro Convertible Debentures (ECDs), saying that no conversion
intentions were forwarded during the month.
LOXLEY has between April 20 and May 20, 1995 offered these ECDs, worth
US$100 million totally, in the foreign market. Holders of these ECDs were
granted the right to convert the ECDs into the company's common shares
from July 20, 1995 onwards.