1 Nov 2010 14:25
Directex Realisations plc
("DXR" or the "Company")
Trading Update
Barclays Warrants
On 24 October 2008 the Company executed a share warrant instrument (the "Warrant Instrument") in favour of Barclays Converted Instruments (No.2) Limited ("Barclays"), constituting and regulating warrants to subscribe for up to 3,000,000 ordinary shares in the Company at a subscription price of £0.004 per share (the "Warrants").
On 28 October 2010, the Group and Barclays agreed that the Warrant Instrument be terminated and the Warrants cancelled on payment by the Company to Barclays of £24,000. This payment has now been made and on receipt by the Company of the warrant certificate, the Warrants will be cancelled.
For further information:
Directex Realisations plc
Jonathan Lander, Chairman
Tel: + 44 (0) 7634 9700
Libertas Capital Corporate Finance Limited
Sandy Jamieson
Tel: + 44 (0) 7569 9650