Loan Drawdown and Conversion to Equity
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The Company announces that it has drawn down a seventh tranche of £7,000 on the Convertible Loan Facility announced on 30 April 2009. High Capital Investments Limited ("High Capital") has requested that this amount be converted into ordinary shares in the Company and the Company has today issued 7,000,000 million ordinary shares at a price of 0.1p each to High Capital. These shares have been admitted to trading on PLUS. The Company has also issued 7.0 million warrants to High Capital, exercisable by 29 April 2012 at a price of 0.1p.
As a result of this transaction, High Capital is interested in 22,000,000 ordinary shares in the Company, representing 6.84 per cent of the enlarged issued share capital of the Company.
Following this issue of equity, the Company has 321,596,907 ordinary shares in issue.
The Directors of the Company are responsible for the contents of this announcement.
Company Profile
The Brandsco PLC (BRAP)
Price: 0.62 (at close of 31/08/2010)



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