10 Oct 2016 15:53
Concepta plc
("Concepta" or the "Company")
10 October 2016
Issue of Equity
The Board of Concepta (AIM Ticker: CPT) announces that the Company has today allotted and issued 464,674 new Ordinary Shares, following the exercise of warrants.
As at close of business on 7 October 2016, valid exercise notices were received from holders of 464,674 warrants which were issued in February 2016 ("Warrants"). The exercise price is 7.5p per ordinary share of 2.5p ("Ordinary Share") and the gross proceeds of exercise amounted in aggregate to £34,851, which provides additional working capital for the Company.
The 631,333 remaining unexercised warrants, for which valid exercise notices were not received by the Company by 7 October 2016 have expired.
The new Ordinary Shares will, on issue, rank pari passu with the existing Ordinary Shares in issue. Application will be made for the new Ordinary Shares to be admitted to trading on AIM. Admission and trading in the new Ordinary Shares on AIM is expected to commence on or around 14 October 2016.
Total voting rights
Following the issue of the new Ordinary Shares, the Company's issued share capital consists of 109,625,247 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
Concepta plc
Adam Reynolds, Chairman
Tel: +44 (0) 7785 908158
SPARK Advisory Partners Limited (Nomad)
Neil Baldwin/Mark Brady
Tel: +44 (0)20 368 3550
Beaufort Securities Limited (Broker)
Jon Belliss
Tel: +44 (0)20 7382 8300
Yellow Jersey PR Limited (Financial PR)
Felicity Winkles/ Joe Burgess/ Josh Cole
Tel: +44 (0) 7748 843 871
A copy of this announcement is available from the Company's website www.conceptaplc.com