Concha plc Exercise of Warrants (0304T)
14 Julho 2015 - 10:26AM
UK Regulatory
TIDMCHA
RNS Number : 0304T
Concha plc
14 July 2015
14 July 2015
Concha PLC
("Concha" or the "Company")
Exercise of Warrants
Concha (AIM: CHA) announces that it has received notice of the
exercise of 70,000,000 warrants thereby generating gross cash
proceeds of GBP165,000 for the Company. Further detail on the
warrant exercise is below:
Exercise price Expiry date Number of warrants
(pence) exercised
--------------- ----------------- -------------------
0.25 31 December 2016 50,000,000
--------------- ----------------- -------------------
0.20 14 February 2017 20,000,000
--------------- ----------------- -------------------
Following the exercise of the warrants, the total number of
warrants outstanding will be 282,009,595.
Admission to Trading & Total Voting Rights
Pursuant to the above exercise, 70,000,000 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 on or about 21 July 2015.
Following admission of the New Ordinary Shares, the Company's
issued share capital will consist of 1,552,739,685 ordinary shares
with voting rights. Concha does not hold any ordinary shares in
treasury. The aforementioned figure of 1,552,739,685 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 Chris.akers@srgplc.com
Chris Akers, Executive Chairman
SPARK Advisory Partner Limited +44 (0) 203 368
(Nominated Advisor) 3550
Sean Wyndham-Quin / Mark
Brady
Buchanan (Financial PR) +44 (0) 207 466 5000
Mark Edwards
This information is provided by RNS
The company news service from the London Stock Exchange
END
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