Concha plc Exercise of Warrants (4882M)
21 January 2016 - 2:16AM
UK Regulatory
TIDMCHA
RNS Number : 4882M
Concha plc
20 January 2016
20 January 2016
Concha PLC
("Concha" or the "Company")
Exercise of Warrants
Concha (AIM: CHA) announces that it has received notice of the
exercise of 30,000,000 warrants thereby generating gross cash
proceeds of GBP60,000 for the Company. Further detail on the
warrant exercise is below:
Exercise price Expiry date Number of warrants
(pence) exercised
--------------- ----------------- -------------------
0.20 14 February 2017 30,000,000
--------------- ----------------- -------------------
Following the exercise of the warrants, the total number of
warrants outstanding will be 194,525,701.
Admission to Trading & Total Voting Rights
Pursuant to the above exercise, 30,000,000 new ordinary shares
of 0.1 pence each in the Company (the "New Ordinary Shares") have
been issued and allotted and application has been made for their
issue to trading on AIM. The New Ordinary Shares will rank pari
passu in all respects with the existing ordinary shares. It is
expected that admission will become effective and that dealings in
the New Ordinary Shares will commence on or about 26 January
2016.
Following admission of the New Ordinary Shares, the Company's
issued share capital will consist of 1,598,056,912 ordinary shares
with voting rights. Concha does not hold any ordinary shares in
treasury. The aforementioned figure of 1,598,056,912 ordinary
shares may be used by shareholders in the Company 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, Concha under the FCA's Disclosure and Transparency
Rules.
Enquiries:
Concha PLC Chris.akers@srgplc.com
Chris Akers, Executive Chairman
SPARK Advisory Partner Limited +44 (0) 203 368
(Nominated Advisor) 3550
Sean Wyndham-Quin / Mark
Brady
This information is provided by RNS
The company news service from the London Stock Exchange
END
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