Green & Smart Holdings plc Issue of Equity and Warrants (4747J)
29 June 2017 - 12:52AM
UK Regulatory
TIDMGSH
RNS Number : 4747J
Green & Smart Holdings plc
28 June 2017
28 June 2017
Green & Smart Holdings plc
("Green & Smart" or "the Company")
Issue of Equity and Warrants
Green & Smart Holdings plc (AIM: GSH), a renewable energy
company generating power from biogas captured through the treatment
of palm oil mill effluent ("POME") in Malaysia, announces that
following the private placement announced on 19 June 2017 ("Private
Placement"), application has been made to the London Stock Exchange
for 2,500,671 shares of no par value ("Shares") to be admitted to
trading on AIM ("Admission") and it is expected that such Admission
will occur at 8.00 a.m. on 29 June 2017. The Shares will be issued
credited as fully paid and will rank in full for all dividends or
other distributions declared, made or paid after Admission and will
otherwise be identical to and rank on Admission pari passu in all
respects with the existing shares of no par value.
In accordance with the terms of the Private Placement, the
Company will issue warrants to subscribe for an additional 16
shares of no par value ("Warrants"), exercisable at a price of 9.25
pence per share in accordance with the terms of warrant instruments
under which the Warrants will become exercisable immediately upon
issue until June 2022. Following the issue of the Warrants, there
will be warrants to subscribe up to a total of 7,232,013 shares of
no par value in the Company.
The Shares and Warrants to be issued are additional to those
issued on 20 June 2017 on the first closing of the Private
Placement as described in the announcement on 19 June 2017.
Immediately following Admission, the Company will have
293,569,812 Shares in issue, none of which will be held in
treasury.
Enquiries
Green & Smart Holdings plc
Saravanan Rasaratnam, Chief Executive
Officer +44 20 7618 9100
Navindran Balakrishnan, Chief Operations
Officer
Cantor Fitzgerald Europe (Nominated
Adviser and Broker)
Andrew Craig, Richard Salmond +44 20 7894 7000
Luther Pendragon Ltd
Harry Chathli, Claire Norbury,
Alexis Gore +44 20 7618 9100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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