REPORTS ON 10TH ECD CONVERSION OF 2ND ISSUE
13 May 1997
Loxley Plc. (LOXLEY) reported the outcome of Euro Convertible
Debuenture conversion , that no holder attended the 10th ECD conversion at
all.
Previously on April 4, 1996 it had issued the second Euro Convertible
Debentures valued US$105 million wholly distributed to foreign investors
with put option and the ECD holders were allowed to make the conversion
after July 4, 1996 henceforth.