NOTIFIES RESULT OF 12th CONVERSION OF ECD-II
09 July 1997
Loxley Plc. (LOXLEY) announced the result of its 12th conversion of
its Euro Convertible Debentures (ECD-II) held in June 1997, saying no ECD
holders converted their ECDs into the company's common shares.
LOXLEY offered ECD-II worth US$105 million in the foreign market on
April 4, 1996. The conversion right of people holding these ECDs began on
July 4, 1996.