Last checked at 4 Feb 2011 10:31
Verdes Management plc
Exercise of Warrants
Verdes Management plc (AIM: VMP), the specialist turnaround services provider, announces that it has received valid subscriptions to exercise warrants to subscribe for 1,583,500 new ordinary shares of 0.1 pence each ("the New Ordinary Shares"). The warrants are exercisable at a price of 0.3 pence per New Ordinary Share.
Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence in the New Ordinary Shares on Thursday 10 February 2011.
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following admission of the New Ordinary Shares its issued share capital will consist of 320,833,440 Ordinary Shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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, the Company under the FSA's Disclosure and Transparency Rules.
Contacts: | |
Verdes Management plc | www.verdes-group.com |
Mike Hosie, Finance Director | +44 (0) 208 987 0800 |
Adam Webb
| +44 (0) 7943 113190
|
WH Ireland Limited | www.wh-ireland.co.uk |
John Wakefield / Mike Coe | +44 (0) 117 945 3470 |