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Exercise of Warrants

21st Jul 2014 18:06

RNS Number : 9209M
Concha plc
21 July 2014
 

21 July 2014

Concha PLC("Concha" or the "Company")

Exercise of Warrants

Concha (AIM: CHA) announces that it has received notice of the exercise of 36,129,356 warrants thereby generating gross cash proceeds of £385,702.75 for the Company. Further detail on the warrant exercise is below:

Exercise price (pence)

Expiry date

Number of warrants exercised

0.35

7 June 2016

676,786

1.20

30 April 2016

30,500,000

0.35

1 March 2018

4,952,570

Following the exercise of the warrants, the total number of warrants outstanding will be 275,729,236.

Admission to Trading & Total Voting Rights

Pursuant to the above exercise, 36,129,356 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 25 July 2014.

Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,359,020,044 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,359,020,044 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

[email protected]

Chris Akers, Executive Chairman

SPARK Advisory Partner Limited (Nominated Advisor)

+44 (0) 203 368 3550

Sean Wyndham-Quinn / 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
 
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Concha
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