12 Feb 2014 12:19
12 February 2014
Amedeo Resources plc
('Amedeo' or 'the Company')
Issue of Equity
Amedeo Resources plc (AIM: AMED), an investment company focussed on the resources and resources infrastructure and asset sectors, announces that it has issued 5,000,000 new ordinary shares ('New Shares') of 0.1 pence each in the capital of the Company ('Ordinary Shares') pursuant to the exercise of 5,000,000 warrants granted on 31 August 2012. The Company has received a valid notice of exercise in respect of the warrants and has received payment of £25,000 representing the exercise price of 0.5 pence per Ordinary Share.
The New Shares rank pari passu in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM and it is expected that admission of the New Shares will become effective and that dealings in the New Shares will commence at 8.00am on 18 February 2014 ('Admission').
Total Voting Rights
Following the issue of the New Shares, the Company's enlarged issued ordinary share capital will comprise 2,743,619,633 Ordinary Shares with voting rights. The Company does not hold any shares in treasury. This figure of 2,743,619,633 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 FCA's Disclosure and Transparency Rules.
**ENDS**
For further information please contact:
Amedeo Resources plc | Glen Lau/Zafar Karim | Tel: + 44 (0) 20 7653 9850 |
Daniel Stewart & Company Plc | Paul Shackleton | Tel: + 44 (0) 20 7776 6550 |
Beaufort Securities Limited | Guy Wheatley | Tel: +44 (0) 20 7382 8300 |
Newgate Threadneedle | Graham Herring | Tel: + 44 (0) 20 7653 9850 |
Notes
Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.