1st May 2012 10:56
; 1 May 2012
Brady Exploration plc
("Brady" or the "Company")
Block Listing Six Monthly Review and Total Voting Rights
The Board of Brady, the natural resources focused investing company, today announces an update to its block admission listing application which was announced on 31 October 2011. The block admission is in respect of ordinary shares in the Company capable of being issued on exercise of warrants which were issued in October 2011. Further details on the warrants are contained in the announcement released by the Company on the 31 October 2011.
Name of applicant: | Brady Exploration plc | |||
Period of return | From: | 1 November 2011 | To: | 30 April 2012 |
Balance of unallotted securities under scheme(s) from previous return: | 18,341,757 | |||
Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): | 0 | |||
Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): | 491,906 | |||
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 17,849,851 | |||
The board of directors of Brady announces that the Company's issued share capital at the date of this announcement consists of 58,239,098 ordinary shares of one penny each ("Shares"). The Company does not hold any Shares in treasury.
Therefore the total number of Shares with voting rights is 58,239,098.
The increase in the total voting rights is as a result of the exercise of warrants to subscribe for 50,000 new Shares in the Company at an exercise price of 1.15 pence per Share. As at 30 April 2012 there are a total of 17,849,851 warrants remaining in issue, which are under block admission with the London Stock Exchange as detailed in the announcement made by the Company on 31 October 2011.
The above figure may be used by Brady's shareholders 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, the share capital of the Company under the Disclosure Rules and Transparency Rules of the UK Financial Services Authority.
For further information on the Company please visit: www.bradyexploration.com or please contact:
Brady Exploration plc | Tel: +44 7747 020 600 |
Alex Borrelli, Chairman
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Allenby Capital Limited (Nominated adviser and joint broker) | Tel: +44 20 3328 5656 |
Nick Naylor Nick Athanas
Rivington Street Corporate Finance (Joint broker) Jon Levinson
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Tel: +44 20 7562 3357
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Related Shares:
MTR.L