Altair9 May 2019 20:40
Dont know what happened there
n addition, on 4 March 2019, the Company received a notice of exercise from Altair in respect of warrants over 105,263,158 Ordinary Shares at a price of 0.975 pence per share and further notices of exercise from each of Altair and Ecofinance in respect of warrants over 50,000,000 Ordinary Shares and 7,764,000 Ordinary Shares respectively at a price of 0.75 pence per share. The aggregate gross proceeds of these exercises amount to £1,459,546.
These warrants were issued in 2017 and 2018 and represent the full exercise of the warrants issued to both Altair and Ecofinance.
Admission, Total Voting Rights and Resulting Interest
The Company will make an application for the 163,027,158 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 13 March 2019. The 163,027,158 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
The Company has agreed with Altair and Ecofinance that the new Ordinary Shares to be issued to them following the exercise of the warrants will be, from the date of Admission, subject to a lock in period for 90 days and an orderly market agreement for a further 90 days. Such agreements will be entered into prior to Admission.
Following Admission, there will be 1,967,771,381 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
On Admission, Altair, will be interested in, in aggregate, 164,532,102 Ordinary Shares, representing approximately 8.36% of the Company's then enlarged issued share capital.