REPORTS NO HOLDER ATTENDING 24TH ECD CONVERSION

09 July 1997
Loxley Plc (LOXLEY) announced there was no ECD holder turning up in the 24th conversion held in Jun 1997. Previously, LOXLEY, on Apr 20-May 20, 1995, issued Euro-Convertible Debentures worth US$100 m totally offerred to foreigners with put option and the conversion is set after Jul 20, 1995.