14 Jul 2015 14:26
14 July 2015
Concha PLC("Concha" or the "Company")
Exercise of Warrants
Concha (AIM: CHA) announces that it has received notice of the exercise of 70,000,000 warrants thereby generating gross cash proceeds of £165,000 for the Company. Further detail on the warrant exercise is below:
Exercise price (pence) | Expiry date | Number of warrants exercised |
0.25 | 31 December 2016 | 50,000,000 |
0.20 | 14 February 2017 | 20,000,000 |
Following the exercise of the warrants, the total number of warrants outstanding will be 282,009,595.
Admission to Trading & Total Voting Rights
Pursuant to the above exercise, 70,000,000 new ordinary shares of 0.1 pence each in the Company (the "New Ordinary Shares") have been issued and allotted and application has been made for their issue to trading on AIM. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence on or about 21 July 2015.
Following admission of the New Ordinary Shares, the Company's issued share capital will consist of 1,552,739,685 ordinary shares with voting rights. Concha does not hold any ordinary shares in treasury. The aforementioned figure of 1,552,739,685 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 to their interest in, Concha under the FCA's Disclosure and Transparency Rules.
Enquiries:
Concha PLC | Chris.akers@srgplc.com |
Chris Akers, Executive Chairman | |
SPARK Advisory Partner Limited (Nominated Advisor) | +44 (0) 203 368 3550 |
Sean Wyndham-Quin / Mark Brady | |
Buchanan (Financial PR) +44 (0) 207 466 5000
Mark Edwards