Subscription of GBP2.0 million & Warrant Exercise

23 April 2014

Concha PLC

("Concha" or the "Company")

Subscription of £2.0 million & Warrant Exercise

Concha, the AIM quoted investment company focused on investing in technology, media and communications companies, is pleased to announce a subscription of £2.0 million and the issue of new warrants, as well as the exercise of existing outstanding warrants.

Subscription

Concha is pleased to announce that it has raised gross proceeds of £2.0 million through a subscription of 333,333,333 new ordinary shares of 0.1p each in the Company ("Ordinary Shares") (the "Subscription Shares") with investors (the "Subscribers") at a Subscription price of 0.6p per Ordinary Share (the "Subscription").

The net proceeds of the Subscription will further assist the Company in the identification and evaluation of additional investments in line with its investing policy.

Subscription Warrants

As part of the Subscription, the Company has agreed to issue one warrant for every four Subscription Shares subscribed by the Subscribers (the "Subscription Warrants"). Each Subscription Warrant gives the holder the right to subscribe for one Ordinary Share at 1.20p during the period beginning on the date of issue of the Subscription Warrants and expiring at 5pm on the earlier of 30 April 2016 and the tenth business day following the date on which the average closing mid-market price of the Ordinary Shares is equal to 1.75p or more on five consecutive business days.

Warrant Exercise

The Company also announces that it has received notice of the exercise of 6,458,333 warrants thereby generating gross cash proceeds of £19,437 for the Company (the "Warrant Exercise"). Further detail on the Warrant Exercise is below:

Following the issue of the Subscription Warrants and the Warrant Exercise, the total number of warrants outstanding will be 344,290,496. There are no options currently outstanding.

Admission to Trading & Total Voting Rights

Application will be made for the admission of, in aggregate, 339,791,666 new Ordinary Shares to trading on AIM with effect from 28 April2014. This figure is comprised of 333,333,333 Subscription Shares and 6,458,333 new Ordinary Shares associated with the Warrant Exercise. Following the admission of the 339,791,666 new Ordinary Shares, the number of Ordinary Shares in issue will be 1,290,458,783. This figure may be used by shareholders as the denominator in the calculation by which they determine if they are required to notify the Company of their interest (or any change to their interest) in the Company under the FCA's Disclosure and Transparency Rules. 

Commenting on the Subscription, Chris Akers, Concha's Executive Chairman, said:

"The Subscription represents a new era for Concha. We can now draw a line under the past and start to build a strong platform from which to pursue our ambitious growth agenda. I am delighted to welcome our new shareholders who have subscribed for this new equity at a substantial premium to Concha's average share price during the first quarter of 2014."

For further information:

Concha PLC

Chris Akers, Executive Chairman [email protected]

Strand Hanson Limited (Nominated & Financial Adviser) +44 (0) 207 409 3494

James Harris

Andrew Emmott

Ritchie Balmer

Buchanan (Financial PR) +44 (0) 207 466 5000

Mark Edwards