7th Mar 2007 15:28
Timestrip PLC07 March 2007 Timestrip plc ("the Company") Additional Listing Application has been made for 1,917,050 ordinary shares of 0.02p each in theCompany ("Ordinary Shares") to be admitted to trading on the AIM market of theLondon Stock Exchange ("AIM"). The new Ordinary Shares are being issued pursuant to the exercise of B warrantsissued at the time of the Company's flotation in February 2005. These sharesrank pari passu with the Company's existing Ordinary Shares and dealings areexpected to commence on 12 March 2007 on AIM. In addition, the Company announces that 549,233 B warrants were not exercisedprior to the 28 February 2007 expiry date and have therefore been cancelled. Finally, the Company wishes to announce that the Board has granted a 12 monthextension to the expiry date of 4,000,000 "D" warrants in connection with anagreement to retain the ongoing services of Spencer Leslie, Non-executiveDirector. These warrants were originally issued in February 2005 and were due toexpire on 28th February 2007. All other terms, including the exercise price of4p, remain unchanged. The Board has also approved a 12 month extension to theexpiry date of 1,002,580 "B" warrants that were issued in February 2005 for theretention of a key employee. These warrants were due to expire on 28th February2007. All other terms, including the exercise price of 4p, remain unchanged. 7 March 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Time Finance