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JOYCE CORPORATION LTD — Capital/Financing Update 2012
May 3, 2012
65167_rns_2012-05-03_8e4b0280-8507-46e8-bcbf-100d997ebc2f.pdf
Capital/Financing Update
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3 May 2012
Att: Manager ASX Market Announcements
Re : Joyce Convertible Notes Conversion Acceptances.
Joyce Corporation Ltd is pleased to advise that there has been 100% take-up of all outstanding convertible notes.
Total acceptances were 100% of the 2,180,000 Convertible Notes issued. A further 7,338 new Joyce Corporation Ltd ordinary shares will be issued and the associated 7,338 CN's cancelled. The new shares will be issued on 7[th] May 2012.
Note-holders had the opportunity to convert their Notes to shares at their first 12 month anniversary date at 30 cents per share. After the first anniversary of issue, a weighted Average traded price is used to determine the prevailing trading conversion price.
Should all Convertible Notes be converted the debt to shareholders funds as at the 31 December 2011 would have been a conservative 23.7%.
Further enquiry can be made with Mr Keith Gray our company secretary on [email protected] or by telephone 08 94551055
Executive Director
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Anthony Mankarios
14 Collingwood Street, Osborne Park WA 6017 Telephone (08) 9445 1055 Facsimile (08) 9445 1011