Re AIM Admission-Replacement
29 January 2004 - 3:15AM
UK Regulatory
RNS Number:7477U
Weatherly International PLC
28 January 2004
WEATHERLY INTERNATIONAL PLC
Recommencement of Trading
The following replaces the AIM Admission announcement released today at 12.29
under RNS 7297U. The amendment relates to the change to the terms for the
exercise of 36,063,447 warrants as a consequence of the capital reorganisation,
re-designation and consolidation of the ordinary shares. The full amended text
is as follows:
Commencement of trading
The board of directors of Weatherly International Plc ("Weatherly") confirms
today that trading in Weatherly shares will recommence at 0800 hrs on Thursday
29th January 2004.
Warrants
The board also wishes to draw warrant holders' and the market's attention to the
fact that when the Company's shares and warrants were suspended from trading on
AIM there were 36,063,447 warrants exercisable at 12p, due to expire on 30 May
2005. As a result of the capital reorganisation, redesignation and
consolidation, the adjusted number of warrants is now 72,126. The exercise price
remains unchanged at 12p. The Warrants will be re-admitted to trading.
Due to the impractical nature of this pricing it is the directors' intention to
delist these warrants as soon as practical.
Options
As approved at the EGM on 23rd January 2004, the board wishes to confirm that a
block application has been made for the new consolidated ordinary shares
underlying an aggregate of 416,667 options, issued to Jack Najarian and Seymour
Pierce Ltd exercisable at any time up to 23 January 2007.
Peter Redmond
Chairman: 0207 332 2211
Harry Sutherland
Nabarro Wells & Co 0207 710 7400
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRQKFKKABKDCDB