CHA Concha

TIDMCHA

RNS Number : 1372H

Concha plc

14 May 2014

14 May 2014

Concha PLC

("Concha" or the "Company")

Exercise of Warrants

Concha (AIM: CHA) announces that it has received notice of the exercise of 16,172,380 warrants thereby generating gross cash proceeds of GBP54,772 for the Company. Further detail on the warrant exercise is below:

 
 Exercise price (pence)     Expiry date      Number of warrants 
                                                  exercised 
-----------------------  -----------------  ------------------- 
          0.30            27 February 2015       3,661,666 
-----------------------  -----------------  ------------------- 
          0.35              7 June 2016          12,510,714 
-----------------------  -----------------  ------------------- 
                                                 16,172,380 
-----------------------  -----------------  ------------------- 
 

Following the exercise of the warrants, the total number of warrants outstanding will be 323,653,831.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 16,172,380 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 23 May 2014.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,311,095,449 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,311,095,449 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 
 Buchanan (Financial PR) 
  Mark Edwards                             0207 466 5000 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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