20 Nov 2014 07:00
African Potash Limited / Index: AIM / Epic: AFPO / Sector: Mining
20 November 2014
African Potash Limited ('African Potash' or the 'Company')Issue and Allotment of Ordinary Shares following Exercise of Conversion Rights
The Company hereby announces that it has received notice of exercise in respect of the convertible security previously issued on 14 August 2014 at a conversion price of £0.01729, the details of which were announced to the market on 8 August 2014 pursuant to which 3,709,138 ordinary shares (the "Relevant Shares") fall to be issued. Application has therefore been made for the Relevant Shares to be admitted to trading on AIM with admission expected to take place on 25 November 2014. The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company.
Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 301,340,933 ordinary shares with voting rights. This figure of 301,340,933 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 in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Listing Authority.
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For further information visit www.africanpotash.com or contact the following:
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