30th Oct 2012 11:15
For immediate release 30 October 2012
Brady Exploration plc
("Brady" or the "Company")
Total voting rights, lapsing of warrants, block listing review and director shareholding
The board of Brady, the natural resources focused investing company, announces that the Company's issued share capital at the date of this announcement consists of 61,905,803 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 61,905,803.
The increase in the total voting rights is as a result of the exercise of warrants to subscribe for 3,652,302 new Shares in the Company at an exercise price of 1.15 pence per Share.
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.
Under the terms of the warrant instrument executed by the Company on 26 October 2011, and announced at that time, each warrant was exercisable for a period of 12 months ending 26 October 2012. As a result the remaining 14,183,146 warrants which were issued pursuant to the warrant instrument, and which remain unexercised, have now lapsed and are no longer capable of being exercised. The warrants are also no longer under block admission with the London Stock Exchange. Further details on the warrants are contained in the announcement released by the Company on 31 October 2011.
Set out below is the block listing return for the period from 1 May 2012 to 26 October 2012:
Name of applicant: | Brady Exploration plc | |||
Period of return | From: | 1 May 2012 | To: | 26 October 2012 |
Balance of unallotted securities under scheme(s) from previous return: | 17,849,851 | |||
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): | 3,666,705 | |||
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 14,183,146 | |||
Following the lapsing of the warrants the revised interests of Alex Borrelli (Chairman of Brady) in the share capital of the Company is as follows:
Name | Number of options over Shares held | Number of Warrants held | Number of Ordinary Shares held |
Alex Borrelli (Chairman) | 2,900,000 | Nil | Nil |
For further information please contact:
Brady Exploration plc |
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Alex Borrelli | +44 7747 020600 |
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Allenby Capital Limited |
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(Nominated Adviser and Joint Broker) |
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Nick Naylor/Nick Athanas | +44 20 3328 5656 |
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Peterhouse Corporate Finance |
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(Joint Broker) |
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Jon Levinson | +44(0)20 7469 0935 |
Lucy Williams | +44(0)20 7469 0936 |
Related Shares:
MTR.L