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Loan note conversion, exercise of warrants and TVR

16th Apr 2013 09:00

RNS Number : 4400C
Tricor PLC
16 April 2013
 



TRICOR PLC

("Tricor" or the "Company")

 

Loan Note Conversions, Exercise of Warrants and Total Voting Rights

Loan Note Conversion and Exercise of Warrants

Tricor has received notice from Pearce Global Investments Limited to convert £3,675 of Notes, which were issued under the £500,000 investment agreement (as announced on 18 March 2013), into 700,000 ordinary shares of 0.001 of one penny each in Tricor.

Tricor has also received notice from two holders of warrants that they wish to exercise 600,000 warrants (the "Warrants") into ordinary shares of 0.001 of one penny each in Tricor. The exercise price of the Warrants is 0.5p each and the details of their grant were announced by the Company on 25 March 2013. Following this exercise, the investors have warrants outstanding over 36,100,000 ordinary shares in Tricor.

Application will be made to London Stock Exchange plc for these 1,300,000 new ordinary shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around the 22 April 2013.

Total Voting Rights

On Admission, the total number of ordinary shares of 0.001 of one penny each in issue will consist of 27,784,201, with each share carrying the right to one vote. Tricor holds no shares in treasury. The total number of voting rights in the Company is therefore 27,784,201. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in Tricor under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.

 

Enquiries:

 

Tricor Plc

Chan Fook Meng

Chairman/CEO

 

+65 62362985

 

Allenby Capital Ltd (Nominated Adviser & Broker)

Jeremy Porter

Nick Naylor

James Reeve

+44 (0)20 3328 5656

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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