23rd February 2012
METROELECTRIC PLC
("Metroelectric" or the "Company")
Holding(s) in Company
The Company was notified on 23rd February 2012 that the entire holding of 25,000,000 ordinary shares and an option over 35,000,000 ordinary shares, exercisable at 0.8 pence per share, owned by Qihang Equipment Limited (formerly China Wonder Limited) ("Qihang") have been transferred to Wonder Employee Capital Limited ("WECL") in full and final satisfaction of a loan of £200,000 received by the Qihang from WECL in 2009. The holding represents 4.15% of the issued share capital of the Company.
The Directors of the Company accept responsibility for this announcement.
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Enquiries:
Metroelectric Plc
Greg Collier
Tel: 07830 182501
Rivington Street Corporate Finance Ltd
Fungai Ndoro/ Eran Zucker
Tel: 020 7562 3373