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Trading Update

1st Nov 2010 14:25

RNS Number : 3875V
Directex Realisations Plc
01 November 2010
 

 

 

Directex Realisations plc

 

("DXR" or the "Company")

 

 

Trading Update

 

Barclays Warrants

 

On 24 October 2008 the Company executed a share warrant instrument (the "Warrant Instrument") in favour of Barclays Converted Instruments (No.2) Limited ("Barclays"), constituting and regulating warrants to subscribe for up to 3,000,000 ordinary shares in the Company at a subscription price of £0.004 per share (the "Warrants").

 

On 28 October 2010, the Group and Barclays agreed that the Warrant Instrument be terminated and the Warrants cancelled on payment by the Company to Barclays of £24,000. This payment has now been made and on receipt by the Company of the warrant certificate, the Warrants will be cancelled.

 

 

 

For further information:

 

Directex Realisations plc

Jonathan Lander, Chairman

Tel: + 44 (0) 7634 9700

 

Libertas Capital Corporate Finance Limited

Sandy Jamieson

Tel: + 44 (0) 7569 9650

 

 

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