30 Oct 2013 16:00
30 October 2013
AfriAg plc
("AfriAg" or the "Company")
Exercise of Options
The Board of AfriAg (AIM:AFRI), the AIM-listed agricultural value chain investing company, today announces that it has issued and allotted 13,000,000 ordinary shares of 0.1 pence each in the capital of the company ("Ordinary Shares") pursuant to the exercise of share options under the Company's Unapproved Share Option Scheme.
Application has been made for the 13,000,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 5 November 2013 ("Admission"). The new Ordinary Shares will rank pari passu with the existing ordinary shares in the Company. Following Admission, the Company will have 1,055,501,037 Ordinary Shares in issue, none of which are held in treasury.
Following Admission the total number of voting rights in the Company will therefore be 1,055,501,037. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in AfriAg under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.
For further information please contact:
AfriAg plc | +44 (0) 20 7440 0640 |
David Lenigas Donald Strang
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Allenby Capital Limited (Nominated Adviser and Broker) | +44 (0) 20 3328 5656 |
Nick Athanas Nick Harriss
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Square1 Consulting (Public Relations) David Bick | +44 (0)20 7929 5599 |