Time Finance Regulatory News (TIME)

6 Feb 2008 14:21

Timestrip PLC06 February 2008 Timestrip plc (the "Company") Additional Listing Application has been made for 536,000 ordinary shares of 0.02 pence each in theCompany ('Ordinary Shares') to be admitted to trading on the the London StockExchange's AIM market for listed securities of ("Admission"). The new Ordinary Shares are being issued pursuant to the exercise of 'C' warrants issued at the time of the Company's flotation in February 2005. These Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 12 February 2008. After Admission the total number of issued Ordinary Shares will be 321,258,739. This figure (321,258,739 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FSA's Disclosure and Transparency Rules. In addition, the Company wishes to announce that the Board has granted a 12month extension to the expiry date of 4,000,000 'D' warrants in connection withan agreement to retain the ongoing services of Spencer Leslie, Non-executiveDirector. These warrants were originally issued in February 2005 and were due toexpire on 28th February 2008. All other terms, including the exercise price of 4pence, remain unchanged. The Board has also approved a 12 month extension to the expiry date of 1,002,580'B' warrants that were issued in February 2005 for the retention of a keyemployee. These warrants were due to expire on 28th February 2008. All otherterms, including the exercise price of 4 pence, remain unchanged. 6 February 2008 Jonathan Steinberg Tel: 01462 440 700Chief Finance Officer Fergus Marcroft Tel: 020 7071 4300Evolution Securities This information is provided by RNS The company news service from the London Stock Exchange