REPORTS OUTCOME OF 23ND ECD CONVERSION
11 June 1997
Loxley Plc (LOXLEY) notified there was no holder turning up in the
23nd ECD conversion held in May 1997 at all, according to the issue of
US$100 million-valued Euro-Convertible Debenture (ECD) with put option
LOXLEY had made during Apr 20 - May 20, 1995 and the conversion is
available after July 20, 1995.