Warrants29 Nov 2022 17:13
Released 17:07:58 29 November 2022
RNS Number : 9851H
Harland & Wolff Group Holdings PLC
29 November 2022
29 November 2022
Harland & Wolff Group Holdings plc
("Harland & Wolff" or the "Company")
Exercise of Warrants & Issue of Equity
Harland & Wolff Group Holdings plc (AIM: HARL), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces the issue of equity pursuant to an exercise of warrants.
The Company has received a notice from YA II PN Ltd. (on behalf of Riverfort Global Opportunities) to exercise outstanding warrants over a total of 877,193 new ordinary shares of 1 penny each in the Company ("Ordinary Shares") at an exercise price of 14.25p per share.
Accordingly, application will be made for 877,193 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on or around 8.00am on 02 December 2022 ("Admission"). These shares, when issued, will rank pari passu in all respects with the existing Ordinary Shares.
Following Admission, the Company's enlarged issued share capital will comprise 173,047,211 Ordinary Shares of 1 penny each. The Company does not hold any shares in treasury. Accordingly, this number (173,047,211) will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.