3. We advise that the preference shares will convert into the lowest these three numbers, being 15 million fully paid ordinary shares, on 9 January 2003.
4. The resulting 15 million shares, together with the 250 million ordinary shares which were also issued on 9 January 2001 as the remainder of the consideration paid for the monitoring and control business, will be released from escrow on 15 January 2003.
5. Following the conversion of the preference shares into 15 million ordinary shares, the total number of fully paid ordinary shares in the Company on issue will increase to 509,505,371. In addition, there is a total of 111,695,000 options over shares in the Company also on issue.
AHL Price at posting:
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