CHA Concha

TIDMCHA

RNS Number : 5264E

Concha plc

10 April 2014

10 April 2014

Concha PLC

("Concha" or the "Company")

Exercise of Warrants

Concha (AIM: CHA) announces that it has received notice of the exercise of, in aggregate, 66,910,139 warrants thereby generating gross cash proceeds of GBP205,683 for the Company. A breakdown of the warrants exercised is below:

 
 Exercise price (pence)     Expiry date      Number of warrants 
                                                  exercised 
          0.30            27 February 2015       57,004,999 
                         -----------------  ------------------- 
          0.35              1 March 2018         9,905,140 
                         -----------------  ------------------- 
         Total                                   66,910,139 
                         -----------------  ------------------- 
 

Following the exercise of the warrants, the total number of warrants outstanding will be 273,415,495.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 66,910,139 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application has been made for their issue to trading on AIM. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 18 April 2013.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 944,667,118 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 944,667,118 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Concha under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
 Concha PLC                                07767 775888 
 Chris Akers, Executive Chairman           www.concha-plc.com 
 
 Strand Hanson Limited                     020 7409 3494 
 James Harris / Andrew Emmott / Ritchie 
  Balmer 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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