AdEPT Telecom plc Issue of Equity (7427Z)
17 March 2017 - 4:00AM
UK Regulatory
TIDMADT
RNS Number : 7427Z
AdEPT Telecom plc
16 March 2017
AdEPT Telecom plc
("AdEPT" or the "Company")
Exercise of warrant
The Company announces that, pursuant to the Warrant Instrument
dated 21 January 2009, Barclays Bank plc has exercised its right to
subscribe for 1,204,717 ordinary shares of 10p each ("New Ordinary
Shares") in the Company at a price of 10.69p each.
Application will be made to the London Stock Exchange for the
New Ordinary Shares, which rank pari passu with the Company's
existing issued ordinary shares, to be admitted to trading on AIM
("Admission"). Admission is expected to take place on 22 March
2017.
The Company advises that, following the issue of the New
Ordinary Shares, the Company's issued share capital is 23,701,832
Shares. The Company does not hold any Shares in treasury.
Therefore, the total number of voting rights in the Company is
23,701,832. This figure may be used by 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 Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
For more information please contact:
AdEPT Telecom Plc
Roger Wilson, Chairman 07786 111 535
Ian Fishwick, Chief Executive 01892 550 225
John Swaite, Finance Director 01892 550 243
Northland Capital Partners Limited
Nominated Adviser
Edward Hutton/Gerry Beaney
Broking
John Howes 020 3861 6625
About AdEPT Telecom plc:
AdEPT Telecom plc is one of the UK's leading independent
providers of unified communications solutions. The Company provides
a complete communications portfolio of fixed line calls, line
rental, mobile, IP telephony, equipment installation, managed
services, IT services, Wi-Fi, IT and communications hardware and
data connectivity products. AdEPT's tailored services are used by
thousands of customers across the UK and are brought together
through the strategic relationships with tier-1 suppliers such as
BT Openreach, Vodafone, Virgin Media, Avaya, Microsoft, Dell and
Apple.
AdEPT is listed on the London Stock Exchange (Ticker: ADT). For
further information please visit: www.adept-telecom.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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