10/6/2009
Convertable Loan Note
Eruma plc, the AIM traded specialist provider of counter terrorism and intruder prevention products and intelligent emergency lighting has raised £100,000 through the issue of convertible loan notes.
The convertible loan notes, repayable by the Company in June 2014 and which are unsecured, bear an annual coupon of 10 per cent. payable annually and are convertible at any time into ordinary shares of 1p in the Company at a price of 1.125p per share. Additionally, subscribers will be issued one warrant, with an exercise price of 2.5p, for every four shares converted from the loan notes. These warrants may be exercised into new ordinary shares of 1p at any time within five years of issue.
Eruma CEO Wayne Money said, “The convertible loan is proving to be an excellent vehicle for our investors and the Company as it delivers the funding we need to support the growth in revenue we aim to achieve over the coming years.”
For further information please visit www.erumaplc.com or contact:
Wayne Money / David Alexander
Eruma plc
Tel: +44 (0)20 7566 2610
Clive Carver / Ed Frisby
FinnCap
Tel: +44 (0)20 7600 1658
Chris Welsh
St Brides Media & Finance
Tel: +44 (0)20 7236 1177
Notes to Editors:
Incorporated in March 2005 and listed on AIM, Eruma plc is the holding company for Security Blinds Ltd and Illuminex Ltd.
Security Blinds Ltd is a leading manufacturer of physical security systems in the UK. Servicing both the public and commercial sectors, the patented Secur™ system provides clients with protection against theft and forced entry. The system also gives businesses and institutions the opportunity to take proactive steps to address the modern threat of terrorism; having met stringent testing requirements to win endorsement by the Home Office, Association of Chief Police Officers, leading banks, and local authorities.
Illuminex Ltd is a supplier and distributor of intelligent emergency lighting systems. Illuminex solid state systems aim to provide superior performance whilst reducing costs to businesses and the environment.
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