12th Dec 2005 14:30
Minco PLC12 December 2005 MINCO PLC ("MINCO" or "THE COMPANY") WARRANTS FULLY EXERCISED ADDITIONAL LISTING £2.6 MILLION RAISED 12 December 2005 Following the exercise of 15,379,759 warrants to subscribe for ordinary sharesof €0.0125 each in Minco Plc ("Ordinary Shares") at 12.5p per share, and theexercise of 1,000,000 options below, an application has today been made for16,379,759 new Ordinary Shares to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesand dealings are expected to commence in the new Ordinary Shares on 16 December2005. With the exercise of these warrants, requests to exercise for 100% of the 20.5million warrants issued in December 2004 have now been received, together withapproximately £2.6 million (US$ 4.5 million) of new subscription money in total. Of these shares 240,906 represent warrants exercised by the directors of the Company, as set out below. Director Price per share Warrants exercised Resultant HoldingM. Dorman 12.5p 45,454 8,650,679J Kearney 12.5p 45,454 1,636,363J. Patel 12.5p 45,454 4,456,889R. Thornton 12.5p 59,090 5,104,733R. Turner 12.5p 45,454 5,357,301 In addition, Mr Matthew Dorman exercised 1,000,000 options at 5p. Following the exercise of options, the company was advised that Mr Dorman, a director of Minco, sold 1,000,000 shares on7 December 2005 to fund personal costs. Following the allotment of the above new shares, the Company's issued sharecapital is now 157,045,217 ordinary shares of €0.0125 each. For further information : Richard Thornton, Company Secretary - Tel : +(44) 20 7397 [email protected] Martin Eales, Collins Stewart - Tel : + (44) 20 7523 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Minco PLC