Independent Resources PLC Warrant Exercise and Total Voting Rights (4789A)
24 March 2017 - 10:37PM
UK Regulatory
TIDMIRG
RNS Number : 4789A
Independent Resources PLC
24 March 2017
FOR IMMEDIATE RELEASE
Independent Resources plc
("IRG" or the "Company")
Warrant Exercise and Total Voting Rights
Warrant Exercise
The Company announces that it has received exercise notices from
certain of its warrant holders to exercise 16,666,666 warrants into
new ordinary shares of 0.01p each in the Company ("New Ordinary
Shares") as per the table below:
Exercise No. of warrants
price being exercised
--------- -----------------
0.12p 16,666,666
--------- -----------------
Total: 16,666,666
--------- -----------------
The total consideration received by the Company pursuant to the
warrant exercise will be GBP20,000.00.
Application will be made for the 16,666,666 New Ordinary Shares,
which will rank pari passu with the existing ordinary shares, to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur on 30 March 2017.
Following Admission, the total number of voting rights in the
Company will be 3,901,086,881 ordinary shares. This number 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 Company under
the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For more information, please visit www.ir-plc.com or
contact:
James Parsons Echo Energy plc j.parsons@echoenergyplc.com
Greg Coleman Echo Energy plc g.coleman@echoenergyplc.com
ZAI Corporate Finance
John Treacy Ltd. 020 7060 2220
Jamie Spotswood (Nominated Adviser)
Oliver Stansfield Brandon Hill Capital
Jonathan Evans (Broker) 020 3463 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 24, 2017 07:37 ET (11:37 GMT)
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