REPORTS RESULT OF ECD CONVERSION
13 June 1996
Loxley Plc (LOXLEY) reported a result of convertible debentures'
conversion that on May, 1996, no holders use their rights to convert
the convertible debentures to the company's common shares.
The company previously issued Euro-Convertible Debentures (ECD)
worth US$100 million offering to foreign investors during April 20 - May
20, 1995. Those ECD holders are eligible to convert their convertible
debentures to the company's common shares after July 20, 1995.