21 Aug 2013 17:15
21 August 2013
AfriAg plc
("AfriAg" or the "Company")
Exercise of Warrants, Issue of Equity and Total Voting Rights
The Board of AfriAg (AIM: AFRI), the AIM-listed agricultural value chain investing company, today announces that it has received notice of the exercise of warrants (the "Warrant Exercise") from two holders of warrants to subscribe for a total of 4,400,000 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the warrants is 0.1 pence each. Following the Warrant Exercise there will be 195,600,000 warrants in issue and the details of their grant were announced by AfriAg on 10 December 2012.
Application will be made to the London Stock Exchange for the 4,400,000 New Ordinary Shares to be admitted to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company and Admission is expected to commence on 28 August 2013.
On Admission, the Company's enlarged issued share capital will comprise 825,374,824 ordinary shares of 0.1 pence each with each share carrying the right to one vote. There are no shares held in treasury. The total number of voting rights in the Company is therefore 825,374,824. 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 Naylor Nick Athanas
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